Money supply M1 for this economy, 3 multiple choice questions help

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7.

Refer to the information. Money supply M1 for this economy is: 

A. 

$60.

B. 

$70.

C. 

$130.

D. 

$140.

8.

Refer to the information. Money supply M2 for this economy is: 

A. 

$480.

B. 

$130.

C. 

$490.

D. 

$630.

9.

Answer the question on the basis of the following list of assets:
1. Large-denominated ($100,000 and over) time deposits2. Noncheckable savings deposits3. Currency (coins and paper money) in circulation4. Small-denominated (under $100,000) time deposits5. Stock certificates6. Checkable deposits7. Money market deposit accounts8. Money market mutual fund balances held by individuals9. Money market mutual fund balances held by businesses10. Currency held in bank vaults
Refer to the given list. The M1 definition of money comprises item(s): 

A. 

6 only.

B. 

3, 4, and 6.

C. 

3 and 6.

D. 

3, 6, and 10.

 
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