If Currency Outside of Banks Is $800 Billion;traveler's Checks Are

question 337

Multiple Choice

If currency outside of banks is $800 billion;traveler's checks are $10 billion;checkable deposits owned by individuals and businesses are $700 billion;savings deposits are $4,000 billion;small time deposits are $1,000 billion;and money market funds and other deposits are $800 billion,then M1 equals ________ billion.

• A)$7,310
• B)$5,800
• C)$2,510
• D)$1,510
• E)$710

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Definitions:

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