Given the Following Information, What Are the Values of M1

question 184

Multiple Choice

Given the following information, what are the values of M1 and M2? Small time deposits
$650 billion
Demand deposits and other checkable deposits
$300 billion
Savings deposits
$750 billion
Money market mutual funds
$600 billion
Traveler's checks
$25 billion
Large time deposits
$600 billion
Currency
$100 billion
Miscellaneous categories in M2
$25 billion

• A)M1 = $400 billion, M2 = $2,475 billion.
• B)M1 = $125 billion, M2 = $3,025 billion.
• C)M1 = $425 billion, M2 = $2, 450 billion.
• D)M1 = $425 billion, M2 = $1,875 billion.

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