The Monetary Base Does NOT Include Which of the Following

question 301

Multiple Choice

The monetary base does NOT include which of the following items?
I. Federal Reserve notes
Ii. banks' reserves at the Federal Reserve
Iii. U.S. government securities owned by the Federal Reserve

• A)i only
• B)ii only
• C)iii only
• D)Both i and ii
• E)Both ii and iii

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