Determine the size of the M1 money supply using the following information. Currency $700 billion money market mutual funds $2000 billion demand deposits $300 billion other checkable deposits $300 billion traveler's checks $10 billion. $1,310 billion $3,310 billion 1,410 billion $1,010 billion

Question

Maliyah

Business

11 February, 23:23

Determine the size of the M1 money supply using the following information. Currency $700 billion money market mutual funds $2000 billion demand deposits $300 billion other checkable deposits $300 billion traveler's checks $10 billion. $1,310 billion $3,310 billion 1,410 billion $1,010 billion

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Answers (1)

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Reid Lam · Answer 1

M1 is $1,310 billion

Explanation:

I'm rephrasing the question so the informations is clearer:

Determine the size of the M1 money supply using the following information:

Currency $700 billion money market mutual funds $2000 billion demand deposits $300 billion other checkable deposits $300 billion traveler's checks $10 billion

Options:

$1,310 billion $3,310 billion $1,410 billion $1,010 billion

Money market mutual funds are not part of M1 so:

Currency $700 billion+demand deposits $300 billion+other checkable deposits $300 billion+traveler's checks $10 billion=$1310 billion M1