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-According to the Table Above, the Value of M1 Is

Question 48

Multiple Choice

 Component  Amount  (billions of  dollars)   Currency 300 Checking deposits 600 Savings deposits 450 Traveler’s checks 10 Time deposits 1,200 Money market  mutual  funds 1,100 Available credit on  credit  cards 900\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Amount } \\\text { (billions of } \\\text { dollars) }\end{array} \\\hline \text { Currency } & 300 \\\hline \text { Checking deposits } & 600 \\\hline \text { Savings deposits } & 450 \\\hline \text { Traveler's checks } & 10 \\\hline \text { Time deposits } & 1,200 \\\hline \begin{array} { l } \text { Money market } \\\text { mutual } \\\text { funds }\end{array} & 1,100 \\\hline \begin{array} { l } \text { Available credit on } \\\text { credit } \\\text { cards }\end{array} & 900 \\\hline\end{array}
-According to the table above, the value of M1 is _____________and the value of M2 is __________.


A) $860 billion; $2,750 billion
B) $860 billion; $4,560 billion
C) $910 billion; $1,960 billion
D) $910 billion; $3,660 billion

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