Values of Assets
$\begin{array}{lc}
\text { Asset } & \text { Amount in } \$ \text { Billions } \
\text { Small time deposits } & 780 \
\text { Large time deposits } & 1,700 \
\text { Demand deposits } & 450 \
\text { Other checkable deposits } & 370 \
\text { Savings deposits } & 4950 \
\text { Traveler's checks } & 5 \
\text { Money market mutual funds } & 740 \
\text { Currency } & 880 \
\text { Miscellaneous categories of M2 } & 50
\end{array}$

-Refer to Value of Assets. What is the value of M1 in billions of dollars?
A)1705
B)2485
C)6295
D)7075

Question

Values of Assets
 $\begin{array}{lc}
\text { Asset } & \text { Amount in } \$ \text { Billions } \
\text { Small time deposits } & 780 \
\text { Large time deposits } & 1,700 \
\text { Demand deposits } & 450 \
\text { Other checkable deposits } & 370 \
\text { Savings deposits } & 4950 \
\text { Traveler's checks } & 5 \
\text { Money market mutual funds } & 740 \
\text { Currency } & 880 \
\text { Miscellaneous categories of M2 } & 50
\end{array}$

-Refer to Value of Assets. What is the value of M1 in billions of dollars?
A)1705
B)2485
C)6295
D)7075

Quizplus · Accepted Answer

M1 includes currency, demand deposits, other checkable deposits, and traveler's checks. Adding these gives: 880 + 450 + 370 + 5 = 1705 billion dollars.

Values of Assets -Refer to Value of Assets