Multiple Choice
Vault cash is equal to $2 million,deposits by depository institutions at the central bank are $1 million,the monetary base is $15 million,and bank deposits are $35 million.Currency held by the nonbank public is
A) $3 million.
B) $12 million.
C) $15 million.
D) $20 million.
Correct Answer:
Verified
Correct Answer:
Verified
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