Which of the Following Is TRUE

question 242

Multiple Choice

Which of the following is TRUE?

• A)Currency in circulation is not part of the monetary base.
• B)Bank reserves are part of the monetary base.
• C)Most of the monetary base consists of checkable deposits.
• D)The money multiplier is the ratio of the monetary base to the money multiplier.

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Definitions:

Dragon

A mythical creature represented in various cultures worldwide, typically depicted as a large, serpentine creature with formidable powers.

Bamboo Paintings

Artworks that depict bamboo, often associated with East Asian paintings and conveying qualities such as resilience, integrity, and simplicity.

Qing Dynasty

The Qing Dynasty was the last imperial dynasty of China, ruling from 1644 to 1912, known for its significant expansion, cultural achievements, and periods of internal peace and prosperity.

Ming Dynasty

A major Chinese dynasty that ruled from 1368 to 1644, known for its trade expansion, flourishing of arts and literature, and the construction of the Great Wall.