Which of the Following Statements Is False

question 102

Multiple Choice

Which of the following statements is false?

• A) The multiplying capacity of primary deposits is helped by cash leakages from the banking system.
• B) The monetary base is defined as bank reserves plus currency held by the nonbank public.
• C) In contrast to the other transactions that affect reserves in the banking system, open market operations are entirely at the initiative of the Federal Reserve.
• D) All the above statements are correct.

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Definitions:

WASPs

An acronym for White Anglo-Saxon Protestants, a sociocultural group in the United States characterized by their historical wealth, social status, and influence.

Jewish Refugees

Individuals of Jewish descent who have been displaced from their countries of origin due to persecution, war, or violence, particularly noted during and after World War II.

Canadian Government

The federal administrative framework of Canada, characterized by a parliamentary system where the prime minister is the head of government.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a given region, having distinct cultural traditions and historical ties to the land before colonization or formation of modern states.