Refer to the following table to answer the following questions:
-What is the value of M1?
A) $404,000,000
B) $740,000,000
C) $906,000,000
D) $744,000,000
E) $1,650,000,000

Question

Refer to the following table to answer the following questions: 
-What is the value of M1?
A) $404,000,000 
B) $740,000,000 
C) $906,000,000 
D) $744,000,000 
E) $1,650,000,000

Quizplus · Accepted Answer

M1 includes currency in circulation, demand deposits, and traveler's checks. Adding up all three categories, we get $744,000,000. Option D is the closest value to this total. None of the other options come close to the total value of M1.

Refer to the Following Table to Answer the Following Questions