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

Question 280

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

Correct Answer:

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