Use the Following to Answer Questions: Table: the Definition of the Money

Multiple Choice

Use the following to answer questions: Table: The Definition of the Money Supply $$\begin{array} { l c } \hline \text { Type of money } & \text { Amount (millions) } \\\hline \text { Currency and reserves held by banks at the Fed } & \$ 50 \\\text { Currency held by the public } & \$ 100 \\\text { Checkable deposits } & \$ 250 \\\text { Savings deposits } & \$ 150 \\\text { Money market mutual funds } & \$ 25 \\\text { Small time deposits } & \$ 10 \\\hline\end{array}$$
-(Table: The Definition of the Money Supply) Refer to the table. What is the M1 money supply?

A) $150 million
B) $250 million
C) $350 million
D) $400 million