A Bank Has $400 in Checkable Deposits,$800 in Savings Deposits,$700

Multiple Choice

A bank has $400 in checkable deposits,$800 in savings deposits,$700 in time deposits,$900 in loans to businesses,$300 in outstanding credit card balances,$500 in government securities,$10 in currency in its vault,and $20 in deposits at the Fed.The bank's deposits that are part of M1 are equal to

A) $1,900.
B) $400.
C) $1,210.
D) $530.
E) $410.