If the Required Reserve Ratio Is 10 Percent,currency in Circulation

question 95

Multiple Choice

If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $800 billion,and excess reserves total $0.8 billion,then the monetary base is

• A)$480 billion.
• B)$480.8 billion.
• C)$80 billion.
• D)$80.8 billion.

---

Definitions:

Personal

Relating to or affecting a particular person rather than anyone else.

Indemnification

Indemnification refers to the obligation of one party to compensate another for losses or damages incurred, as specified in a contractual agreement.

Corporate Directors

Members of a corporation's board tasked with making key business decisions and overseeing the organization's management.

Compensation

Refers to the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.