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

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.