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If Currency Held by the Public Equals $100 Billion, Reserves

Question 43

Multiple Choice

If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the monetary base equals:


A) $50 billion.
B) $100 billion.
C) $150 billion.
D) $600 billion.

Correct Answer:

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