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Table 29-2
the Information in the Following Table Pertains to the Hypothetical

Question 160

Multiple Choice

Table 29-2
The information in the following table pertains to the hypothetical economy of Florencial.

 Type of Money  Amount  (Billions of dollars)   Large time deposits 120 Small time deposits 80 Demand deposits 300 Other checkable deposits 50 Savings deposits 65 Traveler’s checks 5 Money market mutual funds 200 Currency 150 Credit card balances 300 Miscellaneous categories of M2 30\begin{array} { | c | c | } \hline \text { Type of Money } & \begin{array} { c } \text { Amount } \\\text { (Billions of dollars) }\end{array} \\\hline \text { Large time deposits } & 120 \\\hline \text { Small time deposits } & 80 \\\hline \text { Demand deposits } & 300 \\\hline \text { Other checkable deposits } & 50 \\\hline \text { Savings deposits } & 65 \\\hline \text { Traveler's checks } & 5 \\\hline \text { Money market mutual funds } & 200 \\\hline \text { Currency } & 150 \\\hline \text { Credit card balances } & 300 \\\hline \text { Miscellaneous categories of M2 } & 30 \\\hline\end{array}
-Refer to Table 29-2. What is the M2 money supply in Florencial?


A) $1,300 billion
B) $580 billion
C) $880 billion
D) $1,000 billion

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