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If Ms Is the Money Supply, BR = Reserves of Commercial

Question 1

Multiple Choice

If Ms is the money supply, BR = reserves of commercial banks (depository institutions) , C = currency held by the nonbank public, and a = the money multiplier, then


A) Ms = aBR + C
B) Ms = a(BR + C)
C) BR = Ms - C
D) aC = Ms - BR

Correct Answer:

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