If Federal Reserve Notes and Coins Are $765 Billion, and Banks

Multiple Choice

If Federal Reserve notes and coins are $765 billion, and banks' reserves at the Fed are $8 billion, the gold stock is $11 billion, and the Fed owns $725 billion of government securities, what does the
Monetary base equal?

A) $744 billion
B) $1,509 billion
C) $773 billion
D) $765 billion
E) $776 billion