The Table Given Below Shows the Components of Money Supply

question 124

Multiple Choice

The table given below shows the components of money supply in an economy.
Table 12.1
$\begin{array}{|l|c|}\hline {\text { Money Component }} & \text { Amount (in millions) } \\\hline \text { Currency } & \$ 550 \\\text { Travelers' Checks } & \$ 20 \\\text { Savings Deposits } & \$ 180 \\\text { NOW Accounts } & \$ 185 \\\text { Small-Denomination Time Deposits } & \$ 620 \\\text { Retail Money Market Mutual Funds } & \$ 605 \\\text { ATS Accounts } & \$ 180 \\\text { Demand Deposits } & \$ 210 \\\hline\end{array}$
-Refer to Table 12.1 and calculate the value of M1.

• A) $550 million
• B) $570 million
• C) $780 million
• D) $1,125 million
• E) $1,145 million

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Definitions:

Livestock Growers

Individuals or businesses involved in raising animals for food, fiber, or labor; includes practices for cattle, sheep, pigs, and poultry farming.

Animal Wastes

By-products of animal life processes that are discarded, including manure and urine, which can impact the environment if not managed properly.

Detention Basins

Engineered areas designed to manage water runoff, holding water temporarily to mitigate flooding and release it slowly to prevent damage.

Pesticide Water Pollution

The contamination of water bodies with pesticides, which can harm aquatic life, disrupt ecosystems, and pose health risks to humans and wildlife.