The Accompanying Table Contains Hypothetical Data for an Economy

question 258

Multiple Choice

$$\begin{array} { | l | r | } \hline { \text { Item } } & \text { Billions of Dollars } \\\hline \text { Checkable Deposits } & \$ 2,000 \\\hline \text { Small Time Deposits } & 350 \\\hline \text { Currency Held by the Public } & 80 \\\hline \text { Savings Deposits, Including Money-Market Deposit Accounts } & 1,300 \\\hline \text { Money-Market Mutual Funds Held by Individuals } & 600 \\\hline \text { Money-Market Mutual Funds Held by Businesses } & 700 \\\hline\end{array}$$ The accompanying table contains hypothetical data for an economy. The size of the M1 money supply is

• A) $1,940 billion.
• B) $2,080 billion.
• C) $2,220 billion.
• D) $2,730 billion.