In Australia, the Quantity of M1 Is $150 Billion, the Currency

question 114

Multiple Choice

In Australia, the quantity of M1 is $150 billion, the currency drain ratio is 33 percent of deposits and the reserve ratio is 8 percent. What is the monetary base?

• A)$46.24 billion
• B)$49.50 billion
• C)$12.00 billion
• D)$395.12 billion
• E)$39.50 billion

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Definitions:

Cross-Examine

The questioning of a witness by the party opposing the one who initially called the witness to testify, aiming to challenge their testimony or credibility.

Natural Justice

The legal principles ensuring fairness in the decision-making processes, including the right to a fair hearing and the rule against bias.

Lawyer

A professional who is qualified to offer advice about the law or represent someone in legal matters.

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