-According to the table above, the value of M1 is ________ and the value of M2 is ________.
A) $813 billion; $2,490 billion
B) $805 billion; $2,490 billion
C) $813 billion; $3,303 billion
D) $1,488 billion; $3,978 billion

Question

-According to the table above, the value of M1 is ________ and the value of M2 is ________.
A) $813 billion; $2,490 billion 
B) $805 billion; $2,490 billion 
C) $813 billion; $3,303 billion 
D) $1,488 billion; $3,978 billion

Quizplus · Accepted Answer

M1 includes forms of money that are readily accessible for transactions, such as cash, checking deposits, and traveler's checks. M2 includes all of M1 plus savings deposits, money market securities, and other forms of near money. The values provided in option C for M1 and M2 are consistent with typical definitions and scales of these monetary aggregates, reflecting a broader measure of the money supply in an economy.

-According to the Table Above, the Value of M1 Is