Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Exercise 17

Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million of savings deposits, $40 million of smalldenominated time deposits, and $30 million of money market mutual fund deposits. From these numbers we see that this small country's M 1 money supply is _________, while its M 2 money supply is __________.
A) $10 million; $280 million.
B) $10 million; $270 million.
C) $210 million; $280 million.
D) $250 million; $270 million.