-According to the Table Above,the Value of M1 Is ________

question 38

Multiple Choice

$$\begin{array} { | c | c| } \hline { \text { Component } } & \begin{array} { c } \text { Amount } \\\text { (billions of dollars) }\end{array} \\\hline \text { Currency } & 300 \\\hline \text { Checking deposits } & 600 \\\hline \text { Savings deposits } & 450 \\\hline \text { Traveler's checks } & 10 \\\hline \text { Time deposits } & 1,200 \\\hline \begin{array} { l } \text { Money market mutual } \\\text { funds }\end{array} & 1,100 \\\hline \begin{array} { l } \text { Available credit on credit } \\\text { cards }\end{array} & 900 \\\hline\end{array}$$
-According to the table above,the value of M1 is ________ and the value of M2 is ________.

• A) $860 billion; $2,750 billion
• B) $910 billion; $1,960 billion
• C) $860 billion; $4,560 billion
• D) $910 billion; $3,660 billion

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Definitions:

Net Income

Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Hedge Accounting

Accounting techniques that modify the standard rules of accounting to recognize the offsetting effects on the financial statements of both the hedged item and the hedging instrument.

Mandatory

Required or obligatory; something that must be done or adhered to.

Optional

Referring to a choice or discretion available in a process or decision, where participation or selection is not mandatory.