Answer: $2240
Explanation:
The money supply simply refers to the total volume of money that is held by the public at a certain point in time. The value of M1 in this country will be calculated thus:
= Federal Reserve Notes in circulation + Coins in circulation + Checkable deposit
= $700 + $40 + $1500
= $2240
Therefore, M1 is $2240
Answer:
A doormat is one cost-effective way to add warmth to our home. They aren't just preventing the dirt from entering your home, doormats also act as the perfect decorative element. You can use a doormat to welcome the guest or create a sense of style in a room
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