In an economy, there is $200 million in currency held outside banks, $100 million in traveller's cheques, $250 million in currency held inside the banks, $300 million in current deposits, and $600 million in fixed deposits. The value of M1 is _.
A) $1,200 million
B) $750 million
C) $1,150 million
D) $600 million
Correct Answer:
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