Question: Amount ( dollars) Checking deposits 600 Savings deposits 1000 Time deposits 1,500 Loans 1,200 Government securities 2,000 Outstanding credit card balances 400 Currency in vault

Amount ( dollars) Checking deposits 600 Savings deposits 1000 Time deposits 1,500 Loans 1,200 Government securities 2,000 Outstanding credit card balances 400 Currency in vault 10 Deposits in reserve account at the Fed 20 The above table gives assets and deposits for a (small) bank. The bank's deposits that are part of M1 are equal to . . . . . O A. $3, 130. O B. $30. O C. $600. O D. $3, 100. O E. $1,600

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