Checkable Bank Deposits $2 Trillion Savings Bank Deposits $7.5 Trillion Currency in Circulation $1.5 Trillion Travelers Checks $0.5 Trillion Certificates of Deposit (CDs) $0.5 Trillion. What is the value of M2 that is not part of M1? $8 Trillion $4 Trillion O $9.5 Trillion O $12 Trillion O $11 Trillion

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 7WNG
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Checkable Bank Deposits
$2 Trillion
Savings Bank Deposits
$7.5 Trillion
Currency in Circulation
$1.5 Trillion
Travelers Checks
$0.5 Trillion
Certificates of Deposit (CDs) $0.5 Trillion.
What is the value of M2 that is not part of M1?
$8 Trillion
$4 Trillion
O $9.5 Trillion
O $12 Trillion
O $11 Trillion
Transcribed Image Text:Checkable Bank Deposits $2 Trillion Savings Bank Deposits $7.5 Trillion Currency in Circulation $1.5 Trillion Travelers Checks $0.5 Trillion Certificates of Deposit (CDs) $0.5 Trillion. What is the value of M2 that is not part of M1? $8 Trillion $4 Trillion O $9.5 Trillion O $12 Trillion O $11 Trillion
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