Solved

If M1 Is $1,200 Billion,currency Held Outside Banks Is $400

Question 57

Multiple Choice

If M1 is $1,200 billion,currency held outside banks is $400 billion,and traveler's checks is $10 billion,then small-denomination time deposits equal


A) $790 billion.
B) $390 billion.
C) $800 billion.
D) $1,190 billion.
E) There is not information to answer the question.

Correct Answer:

verifed

Verified

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

Related Questions