If Federal Reserve Notes and Coins Are $765 Billion, and Banks

question 62

Multiple Choice

If Federal Reserve notes and coins are $765 billion, and banks' reserves at the Fed are $8 billion, the gold stock is $11 billion, and the Fed owns $725 billion of government securities, what does the
Monetary base equal?

• A)$744 billion
• B)$1,509 billion
• C)$773 billion
• D)$765 billion
• E)$776 billion

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Definitions:

Greenhouse Gases

Gases that trap long-wave infrared radiation and are responsible for rising global temperatures and climate change.

Oil Refineries

Industrial processing plants where crude oil is transformed and refined into usable petroleum products, such as gasoline, diesel, and jet fuels.

Environmental Pollution

The contamination of the natural environment due to harmful substances or energies, often resulting from human activities and leading to adverse effects on ecosystems and health.

Gulf Coast

A geographic term referring to the coastline along the Gulf of Mexico in the United States, encompassing parts of Texas, Louisiana, Mississippi, Alabama, and Florida.