In the Home Economy, When "Money" Is a Liability of the Government

Multiple Choice

In the home economy, when "money" is a liability of the government, the supply of money is equal to:

A) gold reserves on a one-to-one basis.
B) the physical quantity of currency and coins in circulation.
C) the assets in a nation's account at the IMF.
D) the total of bonds (domestic credit) plus foreign currency and gold reserves held by the central bank.