The Monetary Base Is Equal to

question 79

Multiple Choice

The monetary base is equal to

• A)all currency in circulation plus all deposits in financial institutions.
• B)all currency in circulation plus checkable deposits in financial institutions.
• C)all currency in circulation plus reserves held by banks.
• D)checkable deposits in depository institutions plus reserves held by banks.

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Definitions:

Chief Operating Officer

A senior executive tasked with overseeing the day-to-day administrative and operational functions of a company.

Revenues

The income that a business receives from its normal business activities, typically from the sale of goods and services to customers.

Expenses

The outflows or other using up of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities.

Reportable Segments

Segments of a business that must be disclosed separately in the company's financial reports due to their significant revenue, profitability, or other factors according to accounting standards.