The magnetic moment \( M \) of a current-carrying loop is given by:
\[
M = I A,
\]
where \( I \) is the current and \( A \) is the area of the loop. The area of a circular loop is:
\[
A = \pi r^2.
\]
The circumference of the loop is \( 2\pi r = 4.4 \, \text{m} \), so:
\[
r = \frac{4.4}{2\pi} = 0.7 \, \text{m}.
\]
Now, calculating the area:
\[
A = \pi (0.7)^2 = 1.54 \, \text{m}^2.
\]
Thus, the magnetic moment is:
\[
M = 1.0 \times 1.54 = 1.54 \, \text{Am}^2.
\]