In an Economy, There Is $200 Million in Currency Held

Multiple Choice

In an economy, there is $200 million in currency held outside banks, $100 million in traveler's checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits. The value of M1 is

A) $750 million.
B) $1,200 million.
C) $1,150 million.
D) $600 million.