Table 29-1.The information in the table pertains to an imaginary economy.

-Refer to Table 29-1.What is the M1 money supply?
A) $215 billion
B) $216 billion
C) $226 billion
D) $301 billion

Question

Table 29-1.The information in the table pertains to an imaginary economy.
 
-Refer to Table 29-1.What is the M1 money supply?
A) $215 billion 
B) $216 billion 
C) $226 billion 
D) $301 billion

Quizplus · Accepted Answer

M1 money supply includes currency in circulation, demand deposits, and traveler's checks. In the given table, these add up to $226 billion.