Scenario 16-1 Currency $1,000

Scenario 16-1
Currency $1,000
Checking Account Balances 2,000
Savings Account Balances 5,000
Small-Denomination Time Deposits 6,000
Noninstitutional Money Market Fund Shares 7,000
Consider the information above for a simple economy. Assume there are no traveler's checks.
-Refer to Scenario 16-1.M2 in this simple economy equals

A) $3,000.
B) $8,000.
C) $14,000.
D) $21,000.

Correct Answer:

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