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Defining the Money Supply: M1 and M2

18. The Monetary System / Defining the Money Supply: M1 and M2 / Problem 8

Problem 8

If M1 is \$3 trillion and M2 is \$12 trillion, approximately how many times larger is M2 than M1?

A

5 times

B

2 times

C

4 times

D

3 times