Consider the Following Data: Currency (Held Outside Banks)= $354 Billion,checkable

question 114

Multiple Choice

Consider the following data: currency (held outside banks) = $354 billion,checkable deposits = $250 billion,traveler's checks = $4 billion,small-denomination time deposits = $200 billion,savings deposits = $100 billion,retail money market mutual funds = $160 billion.M1 equals __________ billion and M2 equals __________ billion.

• A) $608; $1,068
• B) $708; $1,038
• C) $708; $948
• D) $694; $1,038
• E) none of the above

---

Definitions:

Lease Protection

A plan or policy that covers potential damage or excessive wear and tear on a leased vehicle beyond what is considered normal.

Amortization Table

A complete schedule of periodic blended loan payments, showing the amount of principal and the amount of interest that comprise each payment so that the loan will be paid off at the end of its term.

Unpaid Principal

The portion of a loan amount that remains to be paid off by the borrower, excluding any interest or other charges.

Property Taxes

Taxes assessed on real estate by the local government, based on the property's value.