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Exhibit: Components of the Money System

-(Exhibit: Components of the Money System) The money supply measured by M1 is
A) $325 billion.
B) $450 billion.
C) $1,425 billion.
D) $1,875 billion.

Question

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Exhibit: Components of the Money System
 
-(Exhibit: Components of the Money System) The money supply measured by M1 is
A) $325 billion. 
B) $450 billion. 
C) $1,425 billion. 
D) $1,875 billion.

Quizplus · Accepted Answer

Based on the exhibit, M1 includes currency in circulation, traveler's checks, demand deposits, and other checkable deposits. The total of these components is $450 billion.

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