-According to the Table Above, the Value of M1 Is__________

question 479

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\\text { (billions of } \\\text { dollars) }\end{array} \\\hline \text { Currency } & 235 \\\hline \text { Checking deposits } & 570 \\\hline \text { Savings deposits } & 416 \\\hline \text { Traveler's checks } & 8 \\\hline \text { Time deposits } & 1,144 \\\hline \begin{array} { l } \text { Money market } \\\text { mutual } \\\text { funds }\end{array} & 930 \\\hline \begin{array} { l } \text { Available credit on } \\\text { credit } \\\text { cards }\end{array} & 675 \\\hline\end{array}$$
-According to the table above, the value of M1 is__________ and the value of M2 is__________ .

• A) $813 billion; $3303 billion
• B) $805 billion; $2490 billion
• C) $813 billion; $2490 billion
• D) $1,488 billion; $3978 billion

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Definitions:

Rental Property

Rental property refers to real estate owned by an individual or entity that is leased or rented out to tenants in exchange for monthly rent payments.

Personal Use

Refers to the use of property or services primarily for individual or household purposes, not for business or income-producing activities.

Schedule E

A tax form used by landlords, S-corporation, partnerships, and other entities to report income and expenses from rental real estate, royalties, partnerships, S corporations, trusts, and residual interests in REMICs.

Rental Income

Income received from renting out property, such as buildings or land, which is usually subject to income tax.