Answer:
M1 is equal to $ 4 trillion
Explanation:
M1 money supplies are liquid money supplies like cash, checkable deposits, traveler's check etc. It is equal to;
M1= coins and currency in circulation + checkable (demand) deposit + traveler's check.
M2 money supply are less liquid and is equated as;
M2 = M1 + savings deposit + money market fund + certificates of deposit + other time deposits.
Savings = $7 trillion
Checkable deposit = $3 trillion
Money market fund = $1 trillion
Currency = $1 trillion
Certificates of deposit = $1 trillion
M1 = currency + checkable deposit
= $1 + $ 3
= $4 trillion.
Here are some services available at a bank:
Retirement Accounts
Safe Deposit Boxes
Credit Cards
Cash Deposting/Withdrawal
Financial Management
Explanation:
Concatenation allows you to add multiple strings together to form one long string by using the '+' operator between each string, so the purpose of concatenation is "<em>to combine two or more strings into one big string</em>" (third option).
Hope this helps :)
