[Solved] A call option written against stock owned by the writer is said to be: A) naked. B) in the money. C) out of the money. D) covered. Money Supply: The total amount of monetary assets available in an economy at any given time. Federal Reserve: The central banking system of the United States, responsible for monetary policy, including regulating interest rates and managing the country's money supply. Required Reserves: Funds that banks must hold in reserve and cannot lend out, either as cash in their vaults or as deposits with a central bank. Excess Reserves: Excess reserves are the funds that banks hold over and above the required reserve ratio set by the central bank, representing additional liquidity that can be used for lending.