Part $1(0\mathrm{.}5$ point$)$

Use the information in this table to answer the following two questions.

$\backslash$table$[[$Items$,$Billions of $$],[$Savings deposits,$7500],[\backslash$table$[[$Money market$],[$mutual funds$]],700],[$M$2,13700],[$Checking deposits,$1750],[$Small time deposits,$750]]$

How much is M$1?$

$ $$ billion