In Australia for the M3 Definition of Money, the Currency

question 61

Multiple Choice

In Australia for the M3 definition of money, the currency drain ratio was 3.6 per cent and the banks' reserve ratio was 1.6 per cent. So the money multiplier was about

• A) 20.
• B) 1.
• C) 5.
• D) 10.
• E) 23.

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Definitions:

Market Momentum

The tendency of a market to continue moving in a particular direction over time, often influenced by investor sentiment and recent price trends.

TRIN Statistic

A technical analysis indicator that compares advancing and declining stock issues and volumes, used to determine overall market sentiment.

Indicator

A measurement or signal that can be used to gauge certain financial conditions or market trends.

Put/Call Ratio

A technical indicator that measures the number of put options being traded relative to call options, often used to gauge market sentiment or investors' expectations about market direction.