Prin Of Finance 100

Go to the Website of the Federal Reserve Bank of St. Louis at http://www.stlouisfed.org. Go to “research and data” and access the Federal Reserve Economic Database (FRED). Compare the present size of M1 and M2 money stock measures with the data presented in Figure 2.7.

Also find the current sizes of these M1 components: currency, travelers’ checks, demand deposits, and other checkable deposits. Express each component as a percentage of M1 and compare your percentages with those presented in the Measures of the U.S. Money Supply section of this chapter.