Table 143
Monetary Aggregates of the U

question 8

Multiple Choice

$\begin{array}{|l|l|}\hline {\text { Item }} & \text { Amount } \\\hline \text { Cash held by public } & \$ 40 \text { billion } \\\hline \text { Transactions deposits } & \$ 80 \text { billion } \\\hline \text { Required reserves } & \$ 20 \text { billion } \\\hline \text { Excess reserves } & \$ 0 \text { billion } \\\hline \text { U.S. bonds held by public } & \$ 125 \text { billion } \\\hline\end{array}$
Table 14.3
Monetary Aggregates of the U.S. Financial System Assume an original balance sheet: On the basis of the information in Table 14.3,the required reserve ratio is

• A)5 percent.
• B)15 percent.
• C)25 percent.
• D)20 percent.

---

Definitions:

Calculates

The action of determining a numerical result based on given inputs or formulas, typically performed by software or a calculator.

Statistic

A numerical datum derived from a set of data, often used for analyzing and interpreting information.

Summary Function

A feature in applications that performs calculations on a set of values to return a single summary result, like sum or average.

Mathematical Function

A mathematical function is a relation between a set of inputs and a set of permissible outputs, where each input is related to exactly one output.