The Sum of Currency and Bank Deposits at the Central

question 25

Multiple Choice

The sum of currency and bank deposits at the central bank is called:

• A)the money supply.
• B)domestic assets.
• C)the monetary base.
• D)fractional reserves.

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Definitions:

Accumulated Depreciation

The cumulative amount of a physical asset's value that has been accounted for as depreciation since the asset was first utilized.

Partnership Investment

A contribution of assets by a partner to a partnership, often in exchange for a share of the partnership's profits.

Equipment

Assets used in the operation of a business or manufacturing process, which have a long-term use and value.

Income Ratio

A financial metric that compares various incomes to a particular benchmark, such as net income to sales or investment income to total assets.