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:

Fireworks Shell

The container that holds the explosive and pyrotechnic materials of a firework, designed to create a spectacular burst in the sky.

Pyrotechnics

The science and craft of creating fireworks and other explosive effects for entertainment, ceremonial, or signaling purposes.

Pyrotechnics

The art of making or displaying fireworks, sometimes used in entertainment or celebrations.

Trumpet

A brass wind instrument with a flared bell and three buttons (valves) that is commonly used in classical and jazz music.