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QUESTION 46 Time deposits Demand deposits and other checkable deposits Savings deposits Money market mutual funds Travelers
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Answer #1

Answer - Option C

M1 = $ 680 billion , M2 = $ 2800 billion

M1 = Demand deposits + travellers cheques + Currency

= 400+30+250

= $ 680 billion

M2 = M1 + time deposits + Mutual funds + other + saving deposits

= 680 + 600+800 + 700+20

= $ 2800

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