The Monetary Base Consists of the Sum of

question 70

Multiple Choice

The Monetary Base consists of the sum of

• A)Bank of Canada notes held within the Bank of Canada, bank deposits at the Bank of Canada, and coins held by banks.
• B)Bank of Canada notes held outside the Bank of Canada, the desired reserves of chartered banks, and coins held by banks.
• C)Bank of Canada notes held outside the Bank of Canada, bank deposits at the Bank of Canada, and coins held by banks and the public.
• D)Bank of Canada notes held within the Bank of Canada, bank deposits at the Bank of Canada, and coins held by banks and the public.
• E)Bank of Canada notes held outside the Bank of Canada, bank deposits at the Bank of Canada, and notes and coins held by banks.

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Definitions:

Abscission

Process by which plant parts are shed.

Ethylene

A gaseous plant hormone that regulates a wide range of biological processes, including fruit ripening and leaf abscission.

Hormone

A biochemical produced by the body that oversees and adjusts the activities of select cells or organs.

Cytoplasmic Division

The process, also known as cytokinesis, by which a cell's cytoplasm divides, producing two daughter cells after nuclear division has occurred.