$\begin{array}{|l|c|}
\hline {\text { Component }} & \begin{array}{c}
\text { Amount } \
\text { (billions of dollars) }
\end{array} \
\hline \text { Money market mutual } & 4,400 \
\hline \text { fund deposits } & 1,237 \
\hline \text { Time deposits } & 1,589 \
\hline \text { Savings deposits } & 752 \
\hline \text { Checking deposits } & 609\
\hline
\end{array}$
-Based on the data in the table above,what is the value of M2?

Question

$\begin{array}{|l|c|}
\hline {\text { Component }} & \begin{array}{c}
\text { Amount } \
\text { (billions of dollars) }
\end{array} \
\hline \text { Money market mutual } & 4,400 \
\hline \text { fund deposits } & 1,237 \
\hline \text { Time deposits } & 1,589 \
\hline \text { Savings deposits } & 752 \
\hline \text { Checking deposits } & 609\
\hline 
\end{array}$
-Based on the data in the table above,what is the value of M2?

Quizplus · Accepted Answer

M2 includes savings deposits, time deposits, checking deposits, and money market mutual funds. Adding these amounts: 4,400 + 1,237 + 1,589 + 752 + 609 = 8,587 billion dollars.

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