If the Desired Reserve Ratio Is One-Third, Currency in Circulation

question 105

Multiple Choice

If the desired reserve ratio is one-third, currency in circulation is $300 billion, and chequable deposits are $900 billion, then the monetary base is ________.

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

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Definitions:

Orgasm Phase

A stage in the sexual response cycle characterized by intense pleasure, physiological changes, and, often, the release of sexual tension.

Excitement Phase

The initial stage in the human sexual response cycle, characterized by physical and emotional changes that prepare the body for sexual activity.

Plateau Phase

A phase in sexual response where arousal is maintained at a high level of intensity, preceding orgasm.

Refractory Period

A time following orgasm during which males are largely unresponsive to further stimulation.