Given the Following Information, What Are the Values of M1

question 120

Multiple Choice

Given the following information, what are the values of M1 and M2? Small time deposits
$1,100 billion
Demand deposits and other checkable deposits
$800 billion
Savings deposits
$1,350 billion
Money market mutual funds
$900 billion
Traveler's checks
$30 billion
Large time deposits
$750 billion
Currency
$150 billion
Miscellaneous categories in M2
$40 billion

• A)M1 = $830 billion, M2 = $4,370 billion.
• B)M1 = $980 billion, M2 = $4,370 billion.
• C)M1 = $980 billion, M2 = $3, 390 billion.
• D)M1 = $1,020 billion, M2 = $3,390 billion.

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Definitions:

Motor Cortex

A region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.

Pretend

To act as if something is the case when in fact it is not, often used in imaginative or role-playing scenarios.

Symbols

Objects, characters, figures, or colors used to represent abstract ideas or concepts.

Concrete Operational Thought

A stage of cognitive development in children, as defined by Piaget, where they can think logically about concrete events but struggle with abstract concepts.