Values of Assets -Refer to Value of Assets

Multiple Choice

Values of Assets
$\begin{array}{lc}\text { Asset } & \text { Amount in } \$ \text { Billions } \\\text { Small time deposits } & 780 \\\text { Large time deposits } & 1,700 \\\text { Demand deposits } & 450 \\\text { Other checkable deposits } & 370 \\\text { Savings deposits } & 4950 \\\text { Traveler's checks } & 5 \\\text { Money market mutual funds } & 740 \\\text { Currency } & 880 \\\text { Miscellaneous categories of M2 } & 50\end{array}$

-Refer to Value of Assets. What is the value of M1 in billions of dollars?

A) 1705
B) 2485
C) 6295
D) 7075