Refer to the following table to answer the following questions:
-What is the value of M2?
A) $1,150,500,000
B) $1,495,500,000
C) $93,000,000
D) $345,000,000
E) $78,000,000

Question

Refer to the following table to answer the following questions: 
-What is the value of M2?
A) $1,150,500,000 
B) $1,495,500,000 
C) $93,000,000 
D) $345,000,000 
E) $78,000,000

Quizplus · Accepted Answer

M2 is equal to the sum of currency, demand deposits, other checkable deposits, savings deposits, and small time deposits. Therefore, M2 = $905.5B (currency) + $600B (demand deposits) + $156B (other checkable deposits) + $682B (savings deposits) + $152.5B (small time deposits) = $2,496 billion = $2,496,000,000,000. Dividing by a factor of 1,000 gives $1,495,500,000, which is answer choice B.
The correct answer is B.

Refer to the Following Table to Answer the Following Questions