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Refer to Value of Assets below. What is the value of M1 in billions of dollars? a. 1,705 b. 2,485 c. 6,295 d. 7,075 Values

Refer to Value of Assets below. What is the value of M1 in billions of dollars? a. 1,705 b. 2,485 c. 6,295 d. 7,075 Values of Assets Asset Amount in $Billions Small time deposits 780 Large time deposits 1,700 Demand deposits 450 Other checkable deposits 370 Savings deposits 4,950 Traveler's checks 5 Money market mutual funds 740 Currency 880 Miscellaneous categories of M2 50

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