If the Required Reserve Ratio Is One-Third,currency in Circulation Is

question 104

Multiple Choice

If the required reserve ratio is one-third,currency in circulation is $300 billion,checkable deposits are $900 billion,and there is no excess reserve,then the monetary base is

• A)$300 billion.
• B)$600 billion.
• C)$333 billion.
• D)$667 billion.