-Based on the data in the table above, what is the value of M1?
A) $2,950 billion
B) $1,361 billion
C) $752 billion
D) $609 billion

Name: -Based on the data in the table above, what is the value of M1? A) $2,950 billion B) $1,361 billion C) $752 billion D) $609 billion
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Question

-Based on the data in the table above, what is the value of M1?
A) $2,950 billion 
B) $1,361 billion 
C) $752 billion 
D) $609 billion

Quizplus · Accepted Answer

The value of M1 is typically calculated as the sum of currency in circulation and demand deposits. Based on the data provided, the correct value is $1,361 billion.

-Based on the Data in the Table Above, What Is