High-Powered Money Consists of

question 62

Multiple Choice

High-powered money consists of

• A)bank reserves plus currency held by the nonbank public.
• B)bank reserves minus vault cash.
• C)all deposits at the Fed.
• D)deposits at the Fed plus vault cash.

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Definitions:

Objective C

A general-purpose, object-oriented programming language that adds Smalltalk-style messaging to the C programming language, primarily used in macOS and iOS application development.

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Architecture Neutral

A term describing software that can operate on any type or architecture of computer system without modification.

Web Service

Part of the Microsoft .NET Framework, programs that a website uses to make information available to other websites.