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:

Nation's Risk

The potential for loss or negative outcomes faced by a country due to various threats, including economic, environmental, political, and social challenges.

War

A state of armed conflict between different countries or different groups within a country.

Class Divisions

The categorization of society into groups based on socioeconomic status, which often results in unequal access to resources and opportunities.

Regional Divisions

Refers to the geographical or administrative areas into which a country or region is split.