In October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same individuals and companies were $345.6 billion; money market funds were $1.9423 trillion; savings deposits were $989.4 billion; finally, time deposits were $243.8 billion.
What is the M1 for October 2010?
A.) $1.24 trillion or $1,239 billion
B.) $1.34 trillion or $1,335 billion
C.) $2.84 trillion or $2,836 billion
C.) $1.14 trillion or $1,137 billion
