Use the Following to Answer Question 73

question 71

Multiple Choice

Use the following to answer question 73:
-(Table: Components of the Money System) Refer to Table: Components of the Money Supply. The money supply measured by M1 is:

• A) $325 billion.
• B) $450 billion.
• C) $1,425 billion.
• D) $1,875 billion.

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Definitions:

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the amount borrowed or invested.

Usury Law

A law that establishes the highest interest rates that lenders can apply to borrowed money.

Loaned Out

Refers to resources or money that has been borrowed out to individuals or entities under an agreement to be repaid, typically with interest, over a certain period.

Usury Law

Legislation that sets maximum interest rates that lenders can charge borrowers to prevent exploitation.