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ItemBillions of DollarsCheckable Deposits$1,000Small Time Deposits350Currency Held by the Public70Savings Deposits, Including Money-Market Deposit Accounts1,300Money-Market Mutual Funds Held by Individuals600Money-Market Mutual Funds Held by Businesses700

ItemBillions of DollarsCheckable Deposits$1,000Small Time Deposits350Currency Held by the Public70Savings Deposits, Including Money-Market Deposit Accounts1,300Money-Market Mutual Funds Held by Individuals600Money-Market Mutual Funds Held by Businesses700

The accompanying table contains hypothetical data for an economy. The size of the M1 money supply is

Multiple Choice

  • $1,070 billion.
  • $1,000 billion.
  • $70 billion.
  • $1,670 billion.
  • $1,420 billion.

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