The Currency Drain Reduces the Amount of

question 73

Multiple Choice

The currency drain reduces the amount of

• A) currency available for banks to borrow from the Reserve Bank.
• B) open market operations the Reserve Bank can make.
• C) reserves available to banks to make loans.
• D) currency the Reserve Bank has outstanding in the economy.
• E) the monetary base.

---

Definitions:

Land

Real property consisting of natural resources and geographic space, which has various uses such as agricultural, commercial, or residential.

Unearned Revenues

Income received by an individual or company for a service or product that has yet to be provided or delivered.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business’s operating cycle, whichever is longer.

Balance Sheet

is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.