The monetary base consists of:

A) currency plus reserves.
B) currency plus required reserves.
C) currency plus excess reserves.
D) currency plus demand deposits.

A

Economics

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If the CPI this year is 240 and the CPI last year was 217, the inflation rate from last year to this year was

A) 1.11%. B) 9.0% C) 10.6%. D) 23%.

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Refer to the scenario above. In this case, how much should Tom pay for a used iPhone?

A) $80 B) $40 C) $60 D) $0

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