Multiple Choice
Which of the following is a component of high powered money?
A) Bonds held by banks plus current account deposits.
B) Bonds held by banks, loans, and bank reserves.
C) Currency in circulation plus bank reserves.
D) Currency in circulation plus current account deposits.
E) The sum of currency in circulation, bank reserves, and current account deposits.
Correct Answer:
Verified
Correct Answer:
Verified
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