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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Definitions:

UETA

The Uniform Electronic Transactions Act that legalizes the use of digital signatures and records in electronic commerce.

Technical Terms

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A guideline that dictates the use of clear, straightforward language in legal and official documents to ensure they are easily understood by the general public.