In December 2009,currency Was $400 Billion,traveler's Checks Were $5 Billion;checkable

Multiple Choice

In December 2009,currency was $400 billion,traveler's checks were $5 billion;checkable deposits owned by individuals and businesses were $600 billion,saving deposits were $2,00 billion,time deposits were $1,500 billion;and money market funds were $1,200 billion.What was the M1 in December 2009?

A) M1 = $405 billion
B) M1 = $1,005 billion
C) M1 = $3,005 billion
D) M1 = $3,500 billion
E) M1 = $3,505 billion