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

question 31

Multiple Choice

If the required reserve ratio is one-third,currency in circulation is $300 billion,and checkable deposits are $900 billion,then the money supply is ________ billion.

• A)$2,700
• B)$3,000
• C)$1,200
• D)$1,800

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Definitions:

Epithelial Surface

The layer of cells covering the surfaces of the body, including the skin, organs, and internal passageways.

Bloodstream

The flowing blood within the circulatory system of the body, transporting oxygen, nutrients, and waste products.

Collagenous Fibers

Strong, flexible fibers made of collagen that are a major component of connective tissue in the body.

Ligaments

Strong, fibrous tissues that connect bones to other bones, providing stability and support in joints.