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URGENT :Question in Econ?

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Savings deposits:$3,380

Term deposits: $800

Currency:$600

Demand deposits:$500

Q1:What is the value of M1?

Q2:what is the value of M2?

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  1. time/term deposit is a deposit that cannot be withdrawn for a certain period of time.

    demand deposits can be withdrawn on demand.

    M1 is the physical money supply in the economy (the coins, dollars, etc.) + demand deposits

    M2 is the total of all other deposits + M1

    Q1: =$600+$500=$1100

    Q2: =$1100+$3380+$800= $5280

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