Go to the web site of the Federal Reserve Bank of St Louis F

Go to the web site of the Federal Reserve Bank of St. Louis
(FRED)(research.stlouisfed.org/fred2/) and find the most
recent values for the M1 Money Stock (M1), the Currency
Component of M1 (CURRENCY) and Total Checkable
Deposits (TCD). Which of the components of M1 is the
largest?

Solution

the most recent values that is available is of 15 january,2018

M1 = 3681.3 ( units- billions of dollar , seasonally adjusted)

CURRENCY = 1537.8 billions of dollar

OTHER CHECKABLE DEPOSITS = 607.7 billions of dollar

there are two components of M1 which are the largest and they are :-

1. CURRENCY = 1537.8 billions of dollar

2. DEMAND DEPOSITS = 1533.9 billions of dollar