Question 11 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 Amount (Billions of dollars) c. $570 billion O d. $705 billion 120 80 300 50 65 5 200 150 300 30 Refer to Table 29-2. What is the M1 money supply in Florencial? O a. $585 billion b. $505 billion

Question 11 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 Amount (Billions of dollars) c. $570 billion O d. $705 billion 120 80 300 50 65 5 200 150 300 30 Refer to Table 29-2. What is the M1 money supply in Florencial? O a. $585 billion b. $505 billion

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Monetary System

Section: Chapter Questions

Problem 3PA

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