If Currency Outside of Banks Is $800 Billion;traveler's Checks Are

Multiple Choice

If currency outside of banks is $800 billion;traveler's checks are $10 billion;checkable deposits owned by individuals and businesses are $700 billion;savings deposits are $4,000 billion;small time deposits are $1,000 billion;and money market funds and other deposits are $800 billion,then M1 equals ________ billion.

A) $7,310
B) $5,800
C) $2,510
D) $1,510
E) $710