(Table: Money Measure Components, January 2019) Based on the table, currency as a percentage of M1 for January 2019 was
A) 36%.
B) 44%.
C) 52%.
D) 72%.

Question

(Table: Money Measure Components, January 2019) Based on the table, currency as a percentage of M1 for January 2019 was 
A) 36%. 
B) 44%. 
C) 52%. 
D) 72%.

Quizplus · Accepted Answer

Currency (C) as a percentage of M1 (A+B+C+D) can be calculated as (C/A+B+C+D) * 100%. Plugging in the numbers from the table, we get (1,760.2/3,986.5) * 100% = 44%. Therefore, the correct choice is B.

(Table: Money Measure Components, January 2019) Based on the Table