-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:

Herring

A small, silver-colored fish commonly found in the temperate waters of the North Atlantic, a significant source of food globally.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action or in the context of making a decision.

Cell Phones

Portable telecommunications devices that allow users to make voice calls, send text messages, and access various digital services.

Herring

A type of fish that is widely used for food and is important in many cultural dishes.