Table: Money Supply Components Refer to the Table

question 107

Multiple Choice

Table: Money Supply Components $$\begin{array} { l l } \hline \text { Reserves held by banks at the Fed } & \$ 120 \text { billion } \\\text { Currency } & \$ 800 \text { billion } \\\text { Checkable deposits } & \$ 650 \text { billion } \\\text { Savings deposits } & \$ 375 \text { billion } \\\text { Small-time deposits } & \$ 957 \text { billion } \\\text { Money market mutual funds } & \$ 486 \text { billion } \\\hline\end{array}$$ Refer to the table. According to the data in the table, the total amount of M1 equals:

• A) $920 billion.
• B) $1,450 billion.
• C) $3,268 billion.
• D) $3,388 billion.

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Definitions:

Upper Limit

The maximum level or boundary allowed or possible, often used in the context of production, spending, or other types of limits.

Cash Concentration

A treasury management strategy where a company consolidates its cash balances into one account to optimize liquidity and manage its cash more efficiently.

Main Bank Account

The primary checking or savings account used by an individual or business for managing their daily financial transactions and cash flow.

Multiple Accounts

Refers to having more than one account, often in financial or online contexts, to manage different aspects.