-Based on the Data in the Table Above, What Is

question 412

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\\text { (billions of } \\\text { dollars) }\end{array} \\\hline \begin{array} { l } \text { Money market } \\\text { mutual fund } \\\text { deposits }\end{array} & 4,400 \\\hline \text { Time deposits } & 1,237 \\\hline \text { Savings deposits } & 1,589 \\\hline \text { Checking deposits } & 752 \\\hline \text { Currency } & 609 \\\hline\end{array}$$
-Based on the data in the table above, what is the value of M1?

• A) $1,361 billion
• B) $2,950 billion
• C) $752 billion
• D) $609 billion

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