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

Exercise 7

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 small-denominated time deposits, and $30 million of money market mutual fund deposits. From these numbers we see that this small country's M1 money supply is______ , while its M2 money supply is_______
A) $10 million; $280 million.
B) $10 million; $270 million.
C) $210 million; $280 million.
D) 5250 million; $270 million.