Based on the Following Information, the Value of the M1

question 75

Multiple Choice

Based on the following information, the value of the M1 measure of the money supply is ______ and the value of the M2 measure of the money supply is ______. $\begin{array}{lr}{\text { Assets }} & \text { Billions of Dollars } \\\text { Currency } & 20 \\\text { Demand deposits } & 300 \\\text { Money market mutual funds } & 800 \\\text { Travelers' checks } & 10 \\\text { Savings deposits } & 1,800 \\\text { Other checkable deposits } & 200 \\\text { Small denomination time deposits } & 1,100\end{array}$

• A) $530 billion; $3,700 billion
• B) $330 billion; $4,230 billion
• C) $520 billion; $4,320 billion
• D) $530 billion; $4,230 billion

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Definitions:

Social Conditions

The circumstances and factors that influence the quality of life and opportunities available to people within a society.

Gilded Age

A term describing the late 19th century in the United States, characterized by rapid economic growth, material excess, and widespread political corruption.

Second Industrial Revolution

A period of rapid industrial growth and technological advancement in the late 19th and early 20th centuries, marked by the widespread use of steel, electric power, and internal combustion engines.

Trans-Mississippi West

The region of the United States that lies west of the Mississippi River, an area that experienced significant settlement and development during the 19th and early 20th centuries.