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In December 2009,currency Outside of Banks Was $400 Billion,traveler's Checks

Question 66

Multiple Choice

In December 2009,currency outside of banks was $400 billion,traveler's checks were $5 billion;checkable deposits owned by individuals and businesses were $600 billion,saving deposits were $2,000 billion,time deposits were $1,500 billion;and money market funds were $1,200 billion.What was the M2 in December 2009?


A) M2 = $5,705 billion
B) M2 = $3,705 billion
C) M2 = $1,005 billion
D) M2 = $2,505 billion
E) M2 = $5,700 billion

Correct Answer:

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