money market mutual fund balances held by businesses $100

money market mutual fund balances held by individuals 220

currency in bank 10

currency in circulation 60

savings-deposits, including money market deposit accounts 50

large-denominated ($100,000 or more) time deposits 180

small-denominated ($100,000 or less) time deposits 80

checkable deposits 70

8. Refer to the above information. Money supply M1 for this economy is:

A. $60.

B. $70.

C. $130.

D. $140.

9. Refer to the above information. Money supply M2 for this economy is:

A. $480.

B. $130.

C. $490.

D. $630.

Answer the question on the basis of the following list of assets:

1. Large-denominated ($100,000 and over) time deposits

2. Noncheckable savings deposits

3. Currency (coins and paper money) in circulation

4. Small-denominated (under $100,000) time deposits

5. Stock certificates 6. Checkable deposits

7. Money market deposit accounts

8. Money market mutual fund balances held by individuals

9. Money market mutual fund balances held by businesses

10. Currency held in bank vaults

10. Refer to the above list. The M1 definition of money comprises item(s):

A. 6 only.

B. 3, 4, and 6.

C. 3 and 6.

D. 3, 6, and 10.

11. Refer to the above list. The M2 definition of money comprises:

A. items 2, 3, 4, 6, 7, 8, and 10.

B. items 3, 4, 5, and 6.

C. items 2, 3, 4, 6, 7, and 8.

D. all of the items listed.