Use the Following to Answer Questions: Table: Statistics for a Small

question 115

Multiple Choice

Use the following to answer questions: Table: Statistics for a Small Economy $$\begin{array} { l c } \hline \text { Item } & \text { Value in dollars (\$) } \\\hline \text { Cash held by public } & 7 \text { million } \\\text { Small-time deposits } & 30 \text { million } \\\text { Money market mutual funds } & 18 \text { million } \\\text { Checkable deposits } & 36 \text { million } \\\text { Currency \& total reserves at the Fed } & 12 \text { million } \\\text { Large-time deposits } & 20 \text { million } \\\text { Demand deposits } & 14 \text { million } \\\hline\end{array}$$
-(Table: Statistics for a Small Economy) Refer to the table. The table shows some statistics for a small economy. Using only the information provided, the monetary base amounts to:

• A) $149 million.
• B) $71 million.
• C) $19 million.
• D) $12 million.

---

Definitions:

Sheep Intestines

Traditionally used in the manufacturing of natural sausage casings and also in the production of strings for musical instruments.

Catgut

A type of cord traditionally made from the natural fibers found in the intestines of animals, commonly used for musical instrument strings and surgical sutures.

Optimal Amount

The best or most efficient level of output or consumption that maximizes desired outcomes or minimizes costs.

R&D

Research and Development, referring to activities in connection with corporate or governmental innovation.