Answer the indicated question on the basis of the information in Table 14.2.Each question is based on the original balance sheet.

-Considering only the information in Table 14.2,the basic money supply is:
A) $260 billion.
B) $600 billion.
C) $660 billion.
D) $900 billion.

Question

Answer the indicated question on the basis of the information in Table 14.2.Each question is based on the original balance sheet.
 
-Considering only the information in Table 14.2,the basic money supply is:
A) $260 billion. 
B) $600 billion. 
C) $660 billion. 
D) $900 billion.

Quizplus · Accepted Answer

The basic money supply, or M1, is the sum of currency in circulation, travelers' checks, demand deposits, and other checkable deposits. In Table 14.2, the total for these items is $600 billion.

Answer the Indicated Question on the Basis of the Information