Table 143
Monetary Aggregates of the U

$\begin{array}{|l|l|}\hline {\text { Item }} & \text { Amount } \\\hline \text { Cash held by public } & \$ 40 \text { billion } \\\hline \text { Transactions deposits } & \$ 80 \text { billion } \\\hline \text { Required reserves } & \$ 20 \text { billion } \\\hline \text { Excess reserves } & \$ 0 \text { billion } \\\hline \text { U.S. bonds held by public } & \$ 125 \text { billion } \\\hline\end{array}$
Table 14.3
Monetary Aggregates of the U.S. Financial System Assume an original balance sheet: The money supply (M1) in Table 14.3 is

A) $20 billion.
B) $40 billion.
C) $80 billion.
D) $120 billion.