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

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Definitions:

Marriage

A legally and socially sanctioned union, usually between two people, that is regulated by laws, rules, customs, beliefs, and attitudes that prescribe the rights and duties of the partners.

Total Fertility Rates

Total fertility rates represent the average number of children a woman is expected to have over her lifetime, given current birth rates.

Divorce Rates

Refers to the statistical measure of the number of divorces that occur in a population during a given year per 1,000 members of the population.

Marriage Rates

Statistics that indicate the frequency of marriages within a specified population during a certain time period.