Table 141
Monetary Aggregates of the U

question 40

Multiple Choice

$\begin{array}{|l|r|}\hline {\text { Item }} & \text { Amount } \\\hline \text { Cash held by public } & \$ 250 \text { billion } \\\hline \text { Transactions deposits } & \$ 1,000 \text { billion } \\\hline \text { Required reserves } & \$ 150 \text { billion } \\\hline \text { Excess reserves } & \$ \quad 0 \text { billion } \\\hline \text { U.S. bonds held by public } & \$ 1,000 \text { billion } \\\hline\end{array}$
Table 14.1
Monetary Aggregates of the U.S. Financial System Assume an original balance sheet: On the basis of the information in Table 14.1,the required reserve ratio is

• A)6.5 percent.
• B)10.0 percent.
• C)15.0 percent.
• D)20.0 percent.

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Definitions:

Authorized Strike Date

The specific date agreed upon by union members to begin a strike, following official approval through votes within the union.

Civil Liberty

The freedoms and rights that individuals have to ensure their ability to participate fully in the civil and political life of their society without discrimination or repression.

Mackay Radio

The Mackay Radio decision (1938) by the U.S. Supreme Court affirmed the right of employers to permanently replace striking workers, impacting labor relations and the balance of power between employers and unions.

Economic Strike

A strike action undertaken by workers to achieve better wages, hours, and working conditions, as opposed to strikes for political reasons.