Table 9-1

-Refer to Table 9-1. The money supply measured by M1 is
A) $325 billion.
B) $450 billion.
C) $1,425 billion.
D) $1,875 billion.

Name: Table 9-1 -Refer to Table 9-1. The money supply measured by M1 is A) $325 billion. B) $450 billion. C) $1,425 billion. D) $1,875 billion.
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Question

Table 9-1
 
-Refer to Table 9-1. The money supply measured by M1 is
A) $325 billion. 
B) $450 billion. 
C) $1,425 billion. 
D) $1,875 billion.

Quizplus · Accepted Answer

M1 includes currency in circulation, demand deposits (checking accounts), and traveler's checks. Adding up the values for these components in the table gives a total of $450 billion for M1.

Table 9-1 -Refer to Table 9-1. the Money Supply Measured by M1