Refer to the Table

$$\begin{array} { | l | c | } \hline \text { Money Market Mutual Fund Balances Held by Businesses } & \\\hline \text { Money Market Mutual Fund Balances Held by individuals } & \$ 100 \\\hline \text { Currency in Banks } & 220 \\\hline \text { Currency in Circulation } & 10 \\\hline \text { Savings Deposits, Including Money Market Deposit Accounts } & 40 \\\hline \text { Large-denominated ( } \$ 100,000 \text { or more) Time Deposits } & 50 \\\hline \text { Small-denominated (\$100,000 or less) Time Deposits } & 180 \\\hline \text { Checkable Deposits } & 70 \\\hline\end{array}$$ Refer to the table. Money supply M1 for this economy is

A) $110.
B) $40.
C) $70.
D) $120.

Correct Answer:

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