Multiple Choice
Table: Money Supply Components Reserves held by banks at the Fed
$120 billion
Currency
$800 billion
Checkable deposits
$650 billion
Savings deposits
$375 billion
Small-time deposits
$957 billion
Money market mutual funds
$486 billion
Refer to the table.According to the data in the table,the total amount of M1 equals:
A) $920 billion.
B) $1,450 billion.
C) $3,268 billion.
D) $3,388 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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