Internet Question Go to the St. Select Research Data, then Economic Data – FRED.

Internet Question to the St. Louis Fed website and complete the following assignment. Select Research & Data, then Economic Data – FRED. Click on Monetary Aggregates in the Categories box. On the Monetary Aggregates page, select M1 and Components. I want you to report the Monthly “Not Seasonally Adjusted” data for the most recent month and for January, 1965 (click on View Data) for each of the following: Ml Money Stock, the Currency Component of M1, Demand Deposits at Commercial Banks, Other Checkable Deposits, and Traveler’s Checks Outstanding.How has the relative composition of M1 changed since February, 1965? Do your best to explain why this change has occurred.

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