Multiple Choice
The monetary base is equal to the sum of coins,
A) and checkable deposits at banks.
B) currency and checkable deposits at banks.
C) U.S. government securities owned by the Federal Reserve and Federal Reserve notes.
D) currency, banks' reserves at the Federal Reserve and checkable deposits at banks.
E) currency and banks' reserves at the Federal Reserve.
Correct Answer:
Verified
Correct Answer:
Verified
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