e https/taftcollege in tructure.com/courses/1176/quizzes/9909/take Question z Ou

Question

e https/taftcollege in tructure.com/courses/1176/quizzes/9909/take Question z Outstanding US. Treasury Bills Currency in Circulation Money Market Deposits Accounts Small Denomination Time Deposits Transaction Deposits Stock Market Shares Money Market Mutual Funds Balances Savings Deposits Traveler's Chedks $900 $500 $300 $700 $1,000 $1,500 $500 $400 $200 Based on the information in the above table, the value of M1 is O $3,100. O $2.100 O $3,000. O $1,700 Question 3 The cost of holding money is sao e

Explanation / Answer

Here the “M1” is the sum of “currency in circulation”, “transaction deposits”, “travelers check”,

=> 500+1000+200=1700.

=>(d) correct answer.

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