Solved

The Accompanying Table Contains Hypothetical Data for an Economy

Question 227

Multiple Choice

 Item  Billions of Dollars  Checkable Deposits $2,180 Small Time Deposits 350 Currency Held by the Public 80 Savings Deposits, Including Money-Market Deposit Accounts 1,300 Money-Market Mutual Funds Held by Individuals 600 Money-Market Mutual Funds Held by Businesses 700\begin{array} { | l | r | } \hline { \text { Item } } & \text { Billions of Dollars } \\\hline \text { Checkable Deposits } & \$ 2,180 \\\hline \text { Small Time Deposits } & 350 \\\hline \text { Currency Held by the Public } & 80 \\\hline \text { Savings Deposits, Including Money-Market Deposit Accounts } & 1,300 \\\hline \text { Money-Market Mutual Funds Held by Individuals } & 600 \\\hline \text { Money-Market Mutual Funds Held by Businesses } & 700 \\\hline\end{array} The accompanying table contains hypothetical data for an economy. The size of the M1 money supply is


A) $2,260 billion.
B) $2,180 billion.
C) $80 billion.
D) $2,860 billion.
E) $2,610 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions