Given the Following Information, What Are the Values of M1

question 372

Multiple Choice

Given the following information, what are the values of M1 and M2? Small time deposits
$1,300 billion
Demand deposits and other checkable deposits
$600 billion
Savings deposits
$1,500 billion
Money market mutual funds
$1,200 billion
Traveler's checks
$50 billion
Large time deposits
$1,200 billion
Currency
$200 billion
Miscellaneous categories in M2
$50 billion

• A)M1 = $800 billion, M2 = $4,950 billion.
• B)M1 = $250 billion, M2 = $6,050 billion.
• C)M1 = $850 billion, M2 = $4, 900 billion.
• D)M1 = $850 billion, M2 = $6,100 billion.