Business, 09.12.2021 21:50 freddhendrickss

In December 2009, currency outside of banks was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,000 billion, time deposits were $1,500 billion; and money market funds were $1,200 billion. Required:
What was the M2 in December 2009?

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In December 2009, currency outside of banks was $400 billion, traveler's checks were $5 billion; che...

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