Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars.
Demand deposits 507.0
Money market mutual 711.1
funds (retail only)
Other checkable deposits 405.2
Savings deposits, including 5,317.9
money market deposit accts
Small-denomination time 943.3
Traveler's checks 4.7
M1 includes cash (currency), traveler's checks, demand deposits and other ...
This solution shows what to include in calculations of the money supply: M1 and M2. It gives a detailed example based on data from November, 2010