If Currency Held by the Public Equals $100 Billion, Reserves

question 43

Multiple Choice

If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the monetary base equals:

• A) $50 billion.
• B) $100 billion.
• C) $150 billion.
• D) $600 billion.

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Definitions:

Ovulation

The moment when an egg released from an ovary into the womb is receptive for fertilization.

Social Organizational Unit

Refers to structured groups within a society, such as families, religious organizations, or clubs, that govern how individuals interact and fulfill collective and individual needs.

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The ability to perceive a single three-dimensional image of the surroundings through the combined use of both eyes, enhancing depth perception.

Tool Making

The process of crafting instruments or devices manually or mechanically, which humans and some animals use to make tasks easier.