-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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Definitions:

Monetary

Pertaining to money or currency, especially in terms of the management, circulation, and control of money in an economy.

Net Profits

The amount of money that remains after all operating expenses, taxes, and interest are deducted from a company's total revenue.

Stock Options

Financial instruments that give employees the right to buy or sell shares of their company's stock at a predetermined price.

Nonmonetary

Refers to benefits or values that are not based on financial gain, such as job satisfaction, work-life balance, or professional development.