Refer to the Accompanying Table

question 196

Multiple Choice

$$\begin{array} { | l | c | } \hline { \text { Item } } & \text { Billions of Dollars } \\\hline \text { Checkable Deposits } & \$ 597 \\\hline \text { Small Time Deposits } & 818 \\\hline \text { Currency } & 639 \\\hline \text { Money-Market Mutual Funds Held by Businesses } & 1,045 \\\hline \text { Savings Deposits, Including Money-Market Deposit Accounts } & 2,866 \\\hline \text { Money-Market Mutual Funds Held by Individuals } & 979 \\\hline\end{array}$$ Refer to the accompanying table. The value of the money included in M2 but not counted in M1 is

• A) $1,457 billion.
• B) $4,442 billion.
• C) $2,886 billion.
• D) $4,663 billion.

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Definitions:

Secession

The act of withdrawing formally from membership in a federation or body, especially a political state.

Protective Tariffs

Duties levied on goods coming from abroad to safeguard local businesses from overseas competitors by increasing the cost of imports.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole tribe, part of a series of conflicts known as the Seminole Wars.

African-Americans

A term referring to citizens or residents of the United States who have full or partial ancestry from any of the black racial groups of Africa, highlighting their cultural, historical, and social experiences.