According to the table to the right, the value of M1 is A.$1,313 billion. B.$1,888 billion. C.$1,629 billion. D.$1,205 billion.ComponentAmount(Billions of dollars)Currency$700Coins35Transaction Deposits570Saving Deposits450Travelers' Checks8Small Denomination Time Deposits2,144Overnight Eurodollars16Money Market Mutual Fund Shares1,430Available Credit on Credit Cards1,000

For this question, first we look at the definition of M1 measure of money supply. M1 or narrow money…

Answered: According to the table to the right,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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According to the table to the right, the value of M1 is

$1,313 billion.

$1,888 billion.

$1,629 billion.

$1,205 billion.

Component	Amount (Billions of dollars)
Currency	$700
Coins	35
Transaction Deposits	570
Saving Deposits	450
Travelers' Checks	8
Small Denomination Time Deposits	2,144
Overnight Eurodollars	16
Money Market Mutual Fund Shares	1,430
Available Credit on Credit Cards	1,000

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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