Table 16-1 -Refer to Table 16-1

question 290

Multiple Choice

Table 16-1. The information in the table pertains to an imaginary economy. $\begin{array}{|l|l|}\hline \text { Type of Money } & \text { Amount } \\\hline \text { Large time deposits } & \$ 80 \text { billion } \\\hline \text { Small time deposits } & \$ 75 \text { billion } \\\hline \text { Demand deposits } & \$ 75 \text { billion } \\\hline \text { Other checkable deposits } & \$ 40 \text { billion } \\\hline \text { Savings deposits } & \$ 10 \text { billion } \\\hline \text { Traveler's checks } & \$ 1 \text { billion } \\\hline \text { Money market mutual funds } & \$ 15 \text { billion } \\\hline \text { Currency } & \$ 110 \text { billion } \\\hline \text { Credit card balances } & \$ 10 \text { billion } \\\hline \text { Miscellaneous categories of M2 } & \$ 25 \text { billion } \\\hline\end{array}$

-Refer to Table 16-1. What is the M1 money supply?

• A)$215 billion
• B)$216 billion
• C)$226 billion
• D)$301 billion

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Definitions:

Computer Networks

A collection of interconnected computing devices that can exchange data and share resources among each other over a set of communication protocols.

CPA Firm

A company that provides accounting services to the public, including auditing, tax preparation, and advisory services, staffed by certified public accountants.

Internal Business Audit

An internal business audit is a comprehensive examination of a company’s internal controls, processes, systems, and governance, aiming to assess operational efficiency, identify areas for improvement, and enhance risk management.

Controls

Defense mechanisms (also called countermeasures).