$($Table: Monetary Aggregates II$)$ Use Table: Monetary Aggregates II$.$ The value of M$1$ is:

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|\}$

$\backslash$cline $\{1-2\}$ & $\backslash$multicolumn$\{1\}\{|$c$|\}\{$ Table: Monetary Aggregates II $\}\backslash \backslash$

$\backslash$cline $\{1-1\}$ Monetary Aggregates $($in billions$)$ & $\backslash$multicolumn$\{1\}\{|$c$\}\{\}\backslash \backslash$

$\backslash$cline $\{1-2\}$ Currency in circulation & $\backslash (\backslash$$ $700\backslash )\backslash \backslash$

$\backslash$hline Money market funds & $\backslash (\backslash$$ $550\backslash )\backslash \backslash$

$\backslash$hline Time deposits & $\backslash (\backslash$$ $800\backslash )\backslash \backslash$

$\backslash$hline Savings deposits & $\backslash (\backslash$$ $1,110\backslash )\backslash \backslash$

$\backslash$hline Checkable bank deposits & $\backslash (\backslash$$ $380\backslash )\backslash \backslash$

$\backslash$hline Traveler's checks & $\backslash (\backslash$$ $15\backslash )\backslash \backslash$

$\backslash$hline American Express gift cards & $\backslash (\backslash$$ $25\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$\backslash$$$1,095$ billion.

$\backslash$$$1,080$ billion.

$\backslash$$$2,205$ billion.

$\backslash$$$1,120$ billion.