If the Required Reserve Ratio Is One-Third,currency in Circulation Is

question 104

Multiple Choice

If the required reserve ratio is one-third,currency in circulation is $300 billion,checkable deposits are $900 billion,and there is no excess reserve,then the monetary base is

• A)$300 billion.
• B)$600 billion.
• C)$333 billion.
• D)$667 billion.

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Definitions:

Denying the Consequent

A form of logical argument where, if the premise states that if P then Q, and Q is found to be false, then P is also concluded to be false.

GPA

Grade point average, a numerical representation of a student's academic performance.

Counterexample

An example that contradicts or disproves a statement or theory.

Not Valid

A term often used in logic and reasoning to indicate that an argument does not follow logically from its premises.