If the Desired Reserve Ratio Is One-Third, Currency in Circulation

question 105

Multiple Choice

If the desired reserve ratio is one-third, currency in circulation is $300 billion, and chequable deposits are $900 billion, then the monetary base is ________.

• A) $300 billion
• B) $600 billion
• C) $333 billion
• D) $667 billion

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Definitions:

Prevented

Stopped from happening or kept from occurring.

Flavor Aversion

Avoidance of a flavor that precedes an illness experience.

Conditioning Situation

A learning scenario in which an individual learns to associate a neutral stimulus with a meaningful stimulus, resulting in a learned response.

Rozin

A researcher recognized for their studies in the fields of psychology and food science, notably on disgust and cultural food preferences.