Table 29-1. The information in the table pertains to an imaginary economy.
-Refer to Table 29-1. What is the value of M1 in billions of dollars?
A)$1,915 billion
B)$1,900 billion
C)$2,665 billion
D)$2,825 billion

Question

Table 29-1. The information in the table pertains to an imaginary economy. 
-Refer to Table 29-1. What is the value of M1 in billions of dollars?
A)$1,915 billion 
B)$1,900 billion 
C)$2,665 billion 
D)$2,825 billion

Quizplus · Accepted Answer

The value of M1 is calculated by summing currency, demand deposits, and other checkable deposits. Based on the given options, $1,915 billion is the correct value for M1.