Refer to the table below. Item Dollars Checkable Deposits Small Time Deposits Currency Money-Market Mutual Funds Held by Businesses Savings Deposits and Money-Market Deposit Accounts Money-Market Mutual Funds Held by Individuals In Billions $600 $700 $500 $1,200 $2,500 $800 What is the size of the M1 money supply? O $800 O $2,600 O $1,900 O $1,100

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
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Refer to the table below.
Item Dollars
In Billions
Checkable Deposits
$600
Small Time Deposits
$700
Currency
$500
Money-Market Mutual Funds Held by Businesses
$1,200
Savings Deposits and Money-Market Deposit Accounts
$2,500
Money-Market Mutual Funds Held by Individuals
$800
What is the size of the M1 money supply?
O $800
O $2,600
O $1,900
O $1,100
Transcribed Image Text:Refer to the table below. Item Dollars In Billions Checkable Deposits $600 Small Time Deposits $700 Currency $500 Money-Market Mutual Funds Held by Businesses $1,200 Savings Deposits and Money-Market Deposit Accounts $2,500 Money-Market Mutual Funds Held by Individuals $800 What is the size of the M1 money supply? O $800 O $2,600 O $1,900 O $1,100
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