Question: Using the information in the table below, what is the value of the M1 money supply in billions of dollars? Components Value (billions of dollars)

Using the information in the table below, what is the value of the M1 money supply in billions of dollars?

Components Value (billions of dollars)
Currency 2,000
Demand deposits 4,021
Savings and other liquid deposits 13,225
Time deposits 149
Money market fund balances 1,022

Group of answer choices

7,204

6,021

20,417

19,246

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