Refer to the Accompanying Table

question 14

Multiple Choice

$$\begin{array} { | l | c | } \hline { \text { Item } } & \text { Billions of Dollars } \\\hline \text { Checkable Deposits } & \$ 597 \\\hline \text { Small Time Deposits } & 818 \\\hline \text { Currency } & 639 \\\hline \text { Money-Market Mutual Funds Held by Businesses } & 1,045 \\\hline \text { Savings Deposits, Including Money-Market Deposit Accounts } & 2,866 \\\hline \text { Money-Market Mutual Funds Held by Individuals } & 979 \\\hline\end{array}$$ Refer to the accompanying table. The size of the M1 money supply is

• A) $979 billion.
• B) $1,236 billion.
• C) $1,415 billion.
• D) $1,618 billion.

---

Definitions:

Writ of Possession

A court order granting a party the right to take possession of property, often issued after a judgment in an eviction or foreclosure process.

Debtor in Default

A debtor who has failed to fulfill their payment obligations under the terms of a loan or credit agreement.

Lender

An individual, institution, or entity that provides funds to another with the expectation that the funds will be repaid, often with interest.

Mortgage Owes

Refers to the outstanding balance or the amount still owed by a borrower on their mortgage loan.