Multiple Choice
Consider the following data: savings deposits = $900 billion,currency (held outside banks) = $453 billion,retail money market mutual funds = $1,300 billion,checkable deposits = $525 billion,traveler's checks = $5 billion,small-denomination time deposits = $400 billion.M1 equals __________ billion and M2 equals __________ billion.
A) $530; $3,583
B) $905; $2,678
C) $983; $3,583
D) $1,300; $2,283
Correct Answer:
Verified
Correct Answer:
Verified
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