ECONOMICS :

QUESTION :

The following information is available to you: travelers’ checks _

$1 million; coin and paper currency _ $30 million; repurchase

agreements and Eurodollars _ $15 million; demand deposits _

$25 million; retail money market mutual funds _ $60 million;

savings accounts at depository institutions _ $40 million; checkable

deposits at depository institutions _ $35 million; large-denomination

time deposits _ $50 million; institutional money market mutual

funds _ $65 million; and small-denomination time deposits _

$45 million. Using Fed definitions, determine the dollar sizes of the

a. M1 money supply

b. M2 money supply

c. M3 money supply