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Types of MoneyCurrency held by households and firms$4500Savings account deposits in banks ...

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Types of MoneyCurrency held by households and firms$4500Savings account deposits in banks ...

Types of Money

Currency held by households and firms	$4500
Savings account deposits in banks	13,000
Noninstitutional money market mutual fund shares	500
Checking account deposits in banks	7500
Small-denomination time deposits in banks	400
Credit card balances of households and firms	700

Given the data in the table, M1 in this economy equals ________.

▸ $25,900

▸ $12,000

▸ $25,700

▸ $25,000

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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