Refer to Table 29-2. What is the M1 money supply in Florencial? a. $705 billion b. $505 billion c. $585 billion d. $570 billion

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Chapter11: The Monetary System
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Table 29-2
The information in the following table pertains to the hypothetical economy of Florencial.
Type of Money
Large time deposits
Small time deposits
Demand deposits
Other checkable deposits
Savings deposits
Traveler's checks
Money market mutual funds
Currency
Credit card balances
Miscellaneous categories of M2
Refer to Table 29-2. What is the M1 money supply in Florencial?
a. $705 billion
O b. $505 billion
c. $585 billion
Od. $570 billion
Amount
(Billions of dollars)
120
80
300
50
65
5
200
150
300
30
Transcribed Image Text:Table 29-2 The information in the following table pertains to the hypothetical economy of Florencial. Type of Money Large time deposits Small time deposits Demand deposits Other checkable deposits Savings deposits Traveler's checks Money market mutual funds Currency Credit card balances Miscellaneous categories of M2 Refer to Table 29-2. What is the M1 money supply in Florencial? a. $705 billion O b. $505 billion c. $585 billion Od. $570 billion Amount (Billions of dollars) 120 80 300 50 65 5 200 150 300 30
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