Currency paper money plus coins constitutes about Multiple C

Currency (paper money plus coins) constitutes about

Multiple Choice

57 percent of the U.S. M1 money supply.

25 percent of the U.S. M1 money supply.

66 percent of the U.S. M1 money supply.

43 percent of the U.S. M1 money supply.

Thx

Solution

Solution: 43 percent of the U.S. M1 money supply

Explanation: In year 2015, currency equalled 1309.0 which was 43% of U.S. M1 money supply