Use the Information Below to Answer the Following Question

question 21

Multiple Choice

Use the information below to answer the following question.
Fact 24.1.1
The information describes a hypothetical banking system. Assume that all banks are holding their desired reserves.

-Refer to Fact 24.1.1. The quantity of money as measured by M1 is equal to

• A)$2,500.
• B)$1,500.
• C)$6,500.
• D)$7,000.
• E)$6,000.

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Definitions:

Fractures

Breaks or cracks in rock or bone, often resulting from stress or impact.

Sulfide Mineral

A mineral compound characterized by the presence of sulfur in combination with metals such as iron, copper, or zinc.

Cube-Shaped Crystals

Crystalline structures that manifest in a cubic shape, common in minerals like pyrite and halite.

Pink-Colored Mineral

Minerals that exhibit a pink hue, often due to the presence of elements like manganese or inclusion of minerals like rhodonite.