The money supply is $6 million, currency held by the nonbank public is $2 million, and the reserve—deposit ratio is 0.1. The monetary base is equal to
A) $2 million.
B) $2.4 million.
C) $2.6 million.
D) $4 million.
B
Economics
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The above figure shows the market for pizza. The market is in equilibrium when people's incomes decrease. If pizza is a normal good, then which point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E
Economics
Explain the principle of the "second best."
What will be an ideal response?
Economics