Use the information below to answer the following questions.
Fact 8.1.2
Currency held by individuals and businesses is $57 billion; chequable deposits owned by individuals and businesses are $211 non- chequable personal deposits are $163 billion; non- chequable business deposits are $29 billion; and fixed term deposits are $303 billion.
-Consider Fact 8.1.2.M1 is
A)$57 billion.
B)$460 billion.
C)$763 billion.
D)$431 billion
E)$268 billion.

Question

Quizplus · Accepted Answer

M1 includes currency held by individuals and businesses ($57 billion) and chequable deposits owned by individuals and businesses ($211 billion). Adding these together gives $268 billion.

Use the Information Below to Answer the Following Questions