Federal Reserve Notes in circulation=$850
Money market mutual funds (MMMFs) held by individuals=400
Corporate bonds=300
Iron ore deposits=50
Currency in commercial banks=110
Savings deposits, including money market deposit accounts (MMDAs)=140
Checkable deposits=1600
Small-denominated (less than $100,000) time deposits=100
Coins in circulation=40
A) What is M1 in Ironmania?
B) What is M2 in ironmania?