In December 2004, currency held by individuals and businesses and traveler's checks was $ 705 billion checkable deposits
Posted: Thu Apr 28, 2022 12:34 pm
In December 2004, currency held by individuals and businesses and traveler's checks was $ 705 billion checkable deposits owned by individuals and businesses were $ 667 billion savings deposits were 53,520 billion smalltime deposits were 5817 billion and money market funds and other deposits were 5713 billion Calculate M1 and M2 in December 2004 M1 in December 2004 is 5 billion M2 in December 2004 is billion