$$\begin{array} { | l | l | }
\hline \text { Component } & \begin{array} { l }
\text { Amount } \
\text { (billions of } \
\text { dollars) }
\end{array} \
\hline \begin{array} { l }
\text { Money market } \
\text { mutual fund } \
\text { deposits }
\end{array} & 4,400 \
\hline \text { Time deposits } & 1,237 \
\hline \text { Savings deposits } & 1,589 \
\hline \text { Checking deposits } & 752 \
\hline \text { Currency } & 609 \
\hline
\end{array}$$
-Based on the data in the table above, what is the value of M2?
A) $2,950 billion
B) $4,187 billion
C) $8,587 billion
D) $4,400 billion

Question

$$\begin{array} { | l | l | } 
\hline \text { Component } & \begin{array} { l } 
\text { Amount } \
\text { (billions of } \
\text { dollars) }
\end{array} \
\hline \begin{array} { l } 
\text { Money market } \
\text { mutual fund } \
\text { deposits }
\end{array} & 4,400 \
\hline \text { Time deposits } & 1,237 \
\hline \text { Savings deposits } & 1,589 \
\hline \text { Checking deposits } & 752 \
\hline \text { Currency } & 609 \
\hline
\end{array}$$
-Based on the data in the table above, what is the value of M2?
A) $2,950 billion
B) $4,187 billion
C) $8,587 billion
D) $4,400 billion

Quizplus · Accepted Answer

M2 includes currency, checking deposits, savings deposits, time deposits, and money market mutual fund deposits. Adding these components gives $609 + $752 + $1,589 + $1,237 + $4,400 = $8,587 billion.

-Based on the Data in the Table Above, What Is