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

question 48

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\\text { (billions of } \\\text { dollars) }\end{array} \\\hline \text { Currency } & 300 \\\hline \text { Checking deposits } & 600 \\\hline \text { Savings deposits } & 450 \\\hline \text { Traveler's checks } & 10 \\\hline \text { Time deposits } & 1,200 \\\hline \begin{array} { l } \text { Money market } \\\text { mutual } \\\text { funds }\end{array} & 1,100 \\\hline \begin{array} { l } \text { Available credit on } \\\text { credit } \\\text { cards }\end{array} & 900 \\\hline\end{array}$$
-According to the table above, the value of M1 is _____________and the value of M2 is __________.

• A) $860 billion; $2,750 billion
• B) $860 billion; $4,560 billion
• C) $910 billion; $1,960 billion
• D) $910 billion; $3,660 billion

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