Given the Following Information, What Are the Values of M1

question 120

Multiple Choice

Given the following information, what are the values of M1 and M2? Small time deposits
$1,100 billion
Demand deposits and other checkable deposits
$800 billion
Savings deposits
$1,350 billion
Money market mutual funds
$900 billion
Traveler's checks
$30 billion
Large time deposits
$750 billion
Currency
$150 billion
Miscellaneous categories in M2
$40 billion

• A)M1 = $830 billion, M2 = $4,370 billion.
• B)M1 = $980 billion, M2 = $4,370 billion.
• C)M1 = $980 billion, M2 = $3, 390 billion.
• D)M1 = $1,020 billion, M2 = $3,390 billion.

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Definitions:

Bailee

A person or entity who is given possession but not ownership of an item for a particular purpose.

Bailment

Bailment occurs when property is temporarily transferred from its owner (bailor) to another person (bailee) for a specific purpose, without transferring ownership.

Compensation

The act of providing something, typically money, in exchange for loss, service, or injury.

Mislaid Property

Items that are intentionally placed somewhere by their owner and then forgotten, distinguishing from lost or abandoned property.