: P5: 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 supplyTraveler’s check $1 million? ?? ?Other checkable deposits 35M1 Money supply $ ? millionb. M2 money supplyM1 Money supply $91 millionRetail money market mutual funds 60? ?? ?M2 Money supply $? millionc. M3 money supply $? MillionRepurchase agreements and Eurodollars 15? ?? ?M3 money supply ? million
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