Table 29-2
the Information in the Following Table Pertains to the Hypothetical

Table 29-2
The information in the following table pertains to the hypothetical economy of Florencial.
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$$\begin{array} { | c | c | } \hline \text { Type of Money } & \begin{array} { c } \text { Amount } \\\text { (Billions of dollars) }\end{array} \\\hline \text { Large time deposits } & 120 \\\hline \text { Small time deposits } & 80 \\\hline \text { Demand deposits } & 300 \\\hline \text { Other checkable deposits } & 50 \\\hline \text { Savings deposits } & 65 \\\hline \text { Traveler's checks } & 5 \\\hline \text { Money market mutual funds } & 200 \\\hline \text { Currency } & 150 \\\hline \text { Credit card balances } & 300 \\\hline \text { Miscellaneous categories of M2 } & 30 \\\hline\end{array}$$
-Refer to Table 29-2. What is the M1 money supply in Florencial?

A) $705 billion
B) $570 billion
C) $505 billion
D) $585 billion

Correct Answer:

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