MULTIPLE-CHOICE QUESTIONS Determine the amounts of M1 and M2 based on the data on the following table: Type of Money Cash & Coin Small time deposits Traveler's Checks Savings Checking Accounts Amount $5,000 $2,000 $1,000 $3,000 $2,500 M1 (A) $5,000 55,000 (B) $7,000 $12,000 (C) $7,000 $13,500 (D) $8,500 $13,500 (E) $8,500 $5,000 2. When mium is being held in savings, it is