Given the Following Information,calculate M1 and M2

question 104

Multiple Choice

Given the following information,calculate M1 and M2.
Small time deposits
$800 billion
Checking deposits
$400 billion
Savings-type accounts
$900 billion
Money market mutual funds
$700 billion
Travelers' checks
$50 billion
Large time deposits
$750 billion
Cash on hand
$150 billion

• A) M1: $600 billion;M2: $3,150 billion
• B) M1: $2,100 billion;M2: $1,650
• C) M1: $2,800 billion;M2: $950 billion
• D) M1: $1,900 billion;M2: $1,850 billion
• E) M1: $600 billion;M2: $3,750 billion

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Definitions:

Theoretical Diversity

The presence and acceptance of a variety of theories or viewpoints in any field of study, acknowledging that multiple perspectives can contribute to a comprehensive understanding of a topic.

Nature And Nurture

The debate regarding the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Heredity

The genetic transfer of characteristics, whether physical or mental, from one generation to the next.

Experience

Direct observation of or participation in events as a basis of knowledge, or the practical contact with and observation of facts or events.