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 $30 million.Bank reserves are equal to
A) $2 million.
B) $3 million.
C) $5 million.
D) $10 million.
Correct Answer:
Verified
Correct Answer:
Verified
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