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Question
| Component | Amount (Billions of dollars) |
| Currency | $600 |
| Coins | 35 |
| Transaction Deposits | 570 |
| Saving Deposits | 416 |
| Travelersʹ Checks | 8 |
| Small Denomination Time Deposits | 2,144 |
| Money Market Mutual Fund Shares | 1,430 |
| Overnight Eurodollars | 16 |
| Overnight Repurchase | |
| Agreements at Commercial Banks | 63 |
| Money Market Deposit Accounts | 500 |
| Available Credit on Credit Cards | 675 |
According to the above table, the value of M1 is
A) $1,888 billion.
B) $1,629 billion.
C) $1,213 billion.
D) $1,205 billion.
Answer
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