Which of the Following Is a Component of High Powered

question 30

Multiple Choice

Which of the following is a component of high powered money?

• A)bonds held by banks, loans, and bank reserves
• B)currency in circulation plus bank reserves
• C)currency in circulation plus checkable deposits
• D)bonds held by banks plus checkable deposits
• E) the sum of currency in circulation, bank reserves, and checkable deposits

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Definitions:

Luxuries

Goods or services that are considered non-essential but desirable and are often associated with high quality and a high price.

Necessities

Essential needs required for basic human survival and well-being, such as food, water, and shelter.

Entering U.S.College Students

Entering U.S. college students refers to individuals beginning their undergraduate education in colleges or universities in the United States.

Wealthy

Having an abundance of financial resources or valuable possessions, which affords a person or entity a high standard of living.