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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