Federal Reserve Notes in circulation=$850 Money market mutual funds (MMMFs) held by individuals =400 Corporate bonds=300 Iron ore deposits=50

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