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Every Thursday the Federal Reserve reports certain key data on money and the banking system. These...

Every Thursday the Federal Reserve reports certain key data on money and the banking system. These reports are available from the Board of Governors of the Federal Reserve system H.6 statistical release. Obtain the most H.6 release on-line at federalreserve.gov/releases/ and answer the following questions: What items are included in M2 that are not included in M1? What was the total of such items in the most recent month? Which of these money measures grew most quickly in the most recent month? Demand and other transaction deposits at these banks account for about what percentage of M1. What percentage of M1 consists of currency and traveler’s checks?

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