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Refer to the table to answer the following questions: Checkable deposits$400,000,000 Currency$340,000,000 Traveler's checks$4,000,000 Money market mutual funds$50,000,000 Small time deposits$6,000,000 Savings deposits$850,000,000 What is

Refer to the table to answer the following questions:

Checkable deposits$400,000,000

Currency$340,000,000

Traveler's checks$4,000,000

Money market mutual funds$50,000,000

Small time deposits$6,000,000

Savings deposits$850,000,000

What is the value of M1?

Group of answer choices

$1,650,000,000

$740,000,000

$404,000,000

$906,000,000

$744,000,000

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