Table 16-1 -Refer to Table 16-1

question 290

Multiple Choice

Table 16-1. The information in the table pertains to an imaginary economy. $\begin{array}{|l|l|}\hline \text { Type of Money } & \text { Amount } \\\hline \text { Large time deposits } & \$ 80 \text { billion } \\\hline \text { Small time deposits } & \$ 75 \text { billion } \\\hline \text { Demand deposits } & \$ 75 \text { billion } \\\hline \text { Other checkable deposits } & \$ 40 \text { billion } \\\hline \text { Savings deposits } & \$ 10 \text { billion } \\\hline \text { Traveler's checks } & \$ 1 \text { billion } \\\hline \text { Money market mutual funds } & \$ 15 \text { billion } \\\hline \text { Currency } & \$ 110 \text { billion } \\\hline \text { Credit card balances } & \$ 10 \text { billion } \\\hline \text { Miscellaneous categories of M2 } & \$ 25 \text { billion } \\\hline\end{array}$

-Refer to Table 16-1. What is the M1 money supply?

• A)$215 billion
• B)$216 billion
• C)$226 billion
• D)$301 billion

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Definitions:

Friendships

Close bonds between two individuals, marked by feelings of care, respect, and admiration.

Family Relationships

The dynamic interconnections and interactions among family members, including parents, children, siblings, and extended family.

Effective Contraceptives

Birth control methods that significantly reduce the chance of pregnancy, ranging from barrier methods to hormonal and long-acting reversible contraceptives.

American Family

A social unit in the United States, which can vary greatly in structure, but traditionally consists of parents and their children.