In the United States at the end of 2009, the total money supply, M1, amounted to approximately
A) 12 percent of that year's GNP.
B) 20 percent of that year's GNP.
C) 30 percent of that year's GNP.
D) 40 percent of that year's GNP.
E) 50 percent of that year's GNP.
Correct Answer:
Verified
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