posted by kenya on .
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 supply
b. M2 money supply
c. M3 money supply
Indicate your specific subject in the "School Subject" box, so those with expertise in the area will respond to the question.
I would need definitions of M1, M2 and M3, since I don't have the Fed definitions.