Economists Refer to the Sum of All Currency Plus Reserves

question 24

Multiple Choice

Economists refer to the sum of all currency plus reserves on the Fed's balance sheet liabilities as

• A)aggregate demand.
• B)implicit power.
• C)the Fed's operating budget.
• D)the monetary base.
• E)the Fed's net worth.

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Definitions:

Cash Short

A situation where the actual amount of cash on hand is less than the expected amount, often indicating errors or theft.

Cash Over

Refers to a situation where the actual cash amount received is greater than the expected or recorded amount.

Cash Sales

Transactions in which goods or services are exchanged for cash payment at the time of the sale.

Electronic Funds Transfers

The digital transfer of money from one bank account to another either within the same financial institution or across different banks, via computer-based systems.