Table 29-2
the Information in the Following Table Pertains to the Hypothetical

question 65

Multiple Choice

Table 29-2
The information in the following table pertains to the hypothetical economy of Florencial.
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$$\begin{array} { | c | c | } \hline \text { Type of Money } & \begin{array} { c } \text { Amount } \\\text { (Billions of dollars) }\end{array} \\\hline \text { Large time deposits } & 120 \\\hline \text { Small time deposits } & 80 \\\hline \text { Demand deposits } & 300 \\\hline \text { Other checkable deposits } & 50 \\\hline \text { Savings deposits } & 65 \\\hline \text { Traveler's checks } & 5 \\\hline \text { Money market mutual funds } & 200 \\\hline \text { Currency } & 150 \\\hline \text { Credit card balances } & 300 \\\hline \text { Miscellaneous categories of M2 } & 30 \\\hline\end{array}$$
-Refer to Table 29-2. What is the M1 money supply in Florencial?

• A)$705 billion
• B)$570 billion
• C)$505 billion
• D)$585 billion

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Definitions:

Laccolith

A dome-shaped igneous intrusion between rock layers, formed by the injection of magma.

Igneous Feature

A geological structure formed from the solidification of molten rock material, either below (intrusive) or on (extrusive) the Earth's surface.

Batholith

a large mass of intrusive igneous rock believed to have solidified deep beneath the Earth's surface.

Deep Batholithic Rocks

Large masses of intrusive igneous rock, originating deep within the Earth's crust, that have solidified from magma over millions of years.