Thank you for visiting As of November 2021 what was the supply of money M1 in the United States A 12 trillion B 1 3 trillion C 20 3. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
The correct answer to the question is C) $20.3 trillion. The money supply (M1) in the US was $20.3 trillion as of November 2021.
Explanation:
The correct answer to the question is C) $20.3 trillion. As of November 2021, the supply of money (M1) in the United States was $20.3 trillion. The Federal Reserve System, which is responsible for tracking the amounts of M1 and M2 and releases weekly information about the money supply, provides these figures. It's important to understand that M1 includes forms of money commonly used for payment, such as cash and checking deposits. The measurement of the money supply is crucial for understanding the economy's overall liquidity.
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