(Table: Money Measure Components, June 2010) Based on the Table $\text {Money Measure Components, June 2010}$

question 92

Multiple Choice

(Table: Money Measure Components, June 2010) Based on the table, M2 for June 2010 was: $\text {Money Measure Components, June 2010}$
$\begin{array} { l c } \text { Money Component } & \text { Amount (\$ billions) } \\ \text { Currency } & 883.6 \\ \text { Traveler's checks } & 4.8 \\ \text { Demand deposits } & 467.0 \\ \text { Savings deposits } & 5,086.1 \\ \text { Small-denomination time deposits } & 1,054.0 \\ \text { Other checkable deposits } & 382.0 \\ \text { Retail money funds* } & 746.6 \end{array}$
$\text {*Includes money market accounts and money market mutual fund accounts}$

• A) $1,737.4 billion.
• B) $8,619.3 billion.
• C) $8,624.1 billion.
• D) $7,877.5 billion.

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Definitions:

Inelastic Demand

A situation where the demand for a good or service does not significantly change in response to price changes.

Midpoint Method

A technique used in economics to calculate the percentage change between two points, providing a more accurate measure than simple percentage calculations.

Elasticity

A measure of a variable's sensitivity to a change in another variable, used in economics to describe how the quantity demanded of a good responds to changes in price or income.

Corporate Strategy

A strategy that sets long-term direction for the total enterprise.