Which of the Following Observations Is True

question 94

Multiple Choice

Which of the following observations is true?

• A)Central bank directly controls both inside and outside money.
• B)Outside money is that part of the money supply produced by the private banking system.
• C)Inside money refers to the quantity of notes and coin in the economy.
• D)Bulk of the money supply consists of inside money.

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Definitions:

Utility Function

A mathematical representation of how a set of goods or outcomes provides satisfaction or utility to an individual.

Reservation Price

The maximum or minimum price a buyer is willing to pay or a seller is willing to accept for a good or service.

BMWs

A brand of luxury vehicles produced by the German company Bayerische Motoren Werke AG, known for high-quality, performance-oriented cars and motorcycles.

BMWs

A brand of luxury vehicles produced by the German company Bayerische Motoren Werke AG, known for high performance and quality.