Reference: Ref 15-1 (Table: Statistics for a Small Economy) the Table

question 8

Multiple Choice

Reference: Ref 15-1 (Table: Statistics for a Small Economy) 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.

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Definitions:

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The form of a mathematical expression or fraction when it has been simplified to its most basic components, with no common factors in the numerator and denominator for fractions.

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The process of combining two or more fractions to find their total, involving finding a common denominator.

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A mathematical expression is in its simplest form when it is reduced to the lowest terms possible.

Simplest Form

An expression simplified to its most basic components, where no further simplification is possible.