Question: Question 18 (1.5 points) Saved Table: Money Supply Components Reserves held by banks at the Fed $120 billion Currency $800 billion Checkable deposits $650 billion
Question 18 (1.5 points) Saved Table: Money Supply Components Reserves held by banks at the Fed $120 billion Currency $800 billion Checkable deposits $650 billion Savings deposits $375 billion Small-time deposits $957 billion Money market mutual funds $486 billion Refer to the table. According to the data in the table, the total amount of M1 equals: O a) $920 billion. b) $1,450 billion. O c) $3,268 billion d) $3,388 billion
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