If Federal Reserve Notes and Coins Are $765 Billion,and Banks

question 280

Multiple Choice

If Federal Reserve notes and coins are $765 billion,and banks' reserves at the Fed are $8 billion,the gold stock is $11 billion,and the Fed owns $725 billion of government securities,what does the monetary base equal?

• A)$765 billion
• B)$773 billion
• C)$776 billion
• D)$744 billion
• E)$1,509 billion

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