Question

Component

Amount

(Billions of dollars)

Currency$600
Coins35
Transaction Deposits570
Saving Deposits416
Travelersʹ Checks8
Small Denomination Time Deposits2,144
Money Market Mutual Fund Shares1,430
Overnight Eurodollars16
Overnight Repurchase
Agreements at Commercial Banks63
Money Market Deposit Accounts500
Available Credit on Credit Cards675

According to the above table, the value of M2 is

A) $5,303 billion.

B) $5,782 billion.

C) $5,325 billion.

D) $9,000 billion.

Answer

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