Answered

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Use the data in the table below to answer this question.
Currency held by the public $200 billion
Checkable deposits $700 billion
Traveler's checks $10 billion
Small time and savings deposits $500 billion
Money market accounts $200 billion
Overnight repurchase agreement $120 billion
Overnight Eurodollars $100 billion
Total bank reserves $87.5 billion
Excess reserves $0
The value of the M1 money supply is:
a. $210 billion
b. $700 billion
c. $910 billion
d. $1,830 billion

Sagot :

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