Vault Cash Is Equal to $2 Million,deposits by Depository Institutions

question 55

Multiple Choice

Vault cash is equal to $2 million,deposits by depository institutions at the Central Bank are $3 million,the monetary base is $10 million,and bank deposits are $25 million.Bank reserves are equal to

• A)$2 million.
• B)$3 million.
• C)$5 million.
• D)$10 million.

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Definitions:

Output Efficiency

The state of producing the maximum output with the minimum wasted effort or expense.

Productively

In a manner that results in a high degree of effectiveness or efficiency in producing desired outcomes.

Fully Utilizing

Making the most efficient use of resources, assets, or capacities to achieve their maximum potential output or productivity, often in the context of manufacturing processes or economic production.

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.