Which Is Correct

question 27

Multiple Choice

Which is correct?

• A)Joel will be back three days from now, and Rina is due back in 18 days.
• B)Joel will be back 3 days from now, and Rina is due back in 18 days.

---

Definitions:

Large Denomination

A reference to currency or securities with a high nominal value, typically used for large transactions or as a store of value.

Savings Deposit

A bank deposit that typically earns interest and is intended for holding money that is not expected to be spent immediately.

M1

M1 is a category of the money supply that includes all physical money such as coins and currency, as well as demand deposits and other liquid assets held by the central bank.

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash.