Use the information in the table below to answer the following two questions. ItemsBillions of $Savings deposits 8000 Money market mutual funds700M213700Checking deposits2250 Small time deposits750What is M1?   $   billion Part 2   (1 point)See HintNow, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler’s checks).   $   billion




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