Multiple Choice
In an economy, there is $200 million in currency held outside banks, $100 million in travelerʹs checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits. The value of M1 is .
A) $1,200 million
B) $1,150 million
C) $750 million
D) $600 million
Correct Answer:
Verified
Correct Answer:
Verified
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