Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million of savings deposits, $40 million of small-denominated time deposits, and $30 million of money market mutual fund deposits.

From these numbers we see that this small country's M1 money supply is __________, while its M2 money supply is __________.

multiple choice

• $250 million; $270 million
• $10 million; $280 million
• $210 million; $280 million
• $10 million; $270 million Incorrect