In Australia, the Quantity of M1 Is $150 Billion, the Currency

question 95

Multiple Choice

In Australia, the quantity of M1 is $150 billion, the currency drain ratio is 33 percent of deposits and the reserve ratio is 8 percent of deposits.What is the monetary base?

• A)$39.50 billion
• B)$12.00 billion
• C)$46.24 billion
• D)$395.12 billion
• E)$49.50 billion

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Definitions:

Unconditioned Stimulus

A trigger that inherently and effortlessly evokes a reaction without the need for previous learning.

Skinner Box

An experimental apparatus designed by B.F. Skinner for studying behavioral conditioning in animals, typically using rewards and punishments.

Aversive Event

An unpleasant or noxious stimulus that an organism seeks to avoid or escape.

Manipulate to Obtain

A strategic action of influencing or controlling someone or something to achieve a desired outcome.