Money market mutual find balances held by businesses $100 money market mutual fund balances held by individuals 220 currency in banks 10 currency in circulation 60 savings deposits, including money market deposit accounts 50 large denominated ($100,000 or more)time deposits 180 small denominated ($100,000 or less)time deposits 80 checkable deposts 70 refer to the above information. the value of the "near-monies" that are part of m2 is:

A

Explanation:

M2= 60+70+50+220+80= $480

hence option A is correct

MZM = $480-80+100= $500

$450

Explanation:

M2 money supply = M1 + savings deposits + small time deposits (less than $100,000) + retail money market funds

M1 = $60 (currency in circulation) + $70 (checkable deposits) = $130

M2 = $130 (M1) + $100 (money market funds held by businesses) + $220 (money market funds held by individuals) + $50 (money market deposits) + $80 (small time deposits) = $580

if you subtract M1 from M2, you get the value of near-monies = $580 - $130 = $450

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