Harry Gets $1,000 in Currency from His Grandfather When He

question 62

Multiple Choice

Harry gets $1,000 in currency from his grandfather when he graduates from college. He deposits these funds into his checking account. What is the impact on the monetary base of Harry's deposit?

• A) The monetary base did not change
• B) The monetary base increased by $1,000
• C) The monetary base decreased by $1,000
• D) The monetary base increases by more than a $1,000

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Definitions:

Steep Mountain Front

The abrupt transition from a relatively flat or gently sloping terrain to a steeply sloping mountain, creating a prominent landscape feature.

River

A large natural stream of water flowing in a channel to the sea, a lake, or another such stream.

Sand Dune

An accumulation of loose sand piled up by the wind.

Deep Water

Areas of the ocean or sea that are significantly far from land and shallow waters, often characterized by different ecological and physical conditions.