Table: Money Supply Using Information in the Table Shown, Calculate the Amount of

question 270

Essay

Table: Money Supply $$\begin{array} { l l } \hline \text { Reserves held at by banks at the Fed } & \$ 100 \text { billion } \\\text { Currency } & \$ 650 \text { billion } \\\text { Checkable deposits } & \$ 500 \text { billion } \\\text { Savings deposits } & \$ 325 \text { billion } \\\text { Small-time deposits } & \$ 550 \text { billion } \\\text { Large-time deposits } & \$ 670 \text { billion } \\\text { Money market mutual funds } & \$ 270 \text { billion } \\\hline\end{array}$$
Using information in the table shown, calculate the amount of the monetary base, M1, and M2.

---

Definitions:

Existing Lava Fields

Areas covered by cooled and solidified lava spread over the landscape from previous volcanic eruptions.

Introduction of Water

The process or act of adding or allowing water to enter an environment or system.

Hot Rocks

Rocks that have been heated by geothermal energy, often found near volcanic areas or geothermal reservoirs.

Hot Spot

A volcanic region thought to be fed by underlying mantle that is anomalously hot compared with the surrounding mantle, often resulting in volcanic islands.