If the Required Reserve Ratio Is One-Third,currency in Circulation Is

question 190

Multiple Choice

If the required reserve ratio is one-third,currency in circulation is $300 billion,and checkable 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:

Negligence

The failure to exercise the standard of care that a reasonably prudent person would have exercised in a similar situation, resulting in harm or damage.

Economic Duress

A condition where an individual or entity is compelled to act against their will or interests due to financial pressures.

Fraudulent Duress

A situation where one party compels another’s agreement to a contract through wrongful threats or coercion, involving fraud.

Physical Harm

Injury or damage to the body of a person caused by external force or violence.