Table: Money Supply Components Refer to the Table

question 107

Multiple Choice

Table: Money Supply Components $$\begin{array} { l l } \hline \text { Reserves held by banks at the Fed } & \$ 120 \text { billion } \\\text { Currency } & \$ 800 \text { billion } \\\text { Checkable deposits } & \$ 650 \text { billion } \\\text { Savings deposits } & \$ 375 \text { billion } \\\text { Small-time deposits } & \$ 957 \text { billion } \\\text { Money market mutual funds } & \$ 486 \text { billion } \\\hline\end{array}$$ Refer to the table. According to the data in the table, the total amount of M1 equals:

• A) $920 billion.
• B) $1,450 billion.
• C) $3,268 billion.
• D) $3,388 billion.