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Florida Memorial University *

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MISC

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Economics

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Feb 20, 2024

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1

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Which of the following statements is true concerning the "monetary base"? O The monetary base equals the sum of the value of circulating cash and demand deposits. O The monetary base represents the estimate of liquidity available for consumers to spend. @® The monetary base is the sum of the value of currency in circulation and bank reserves. O The monetary base in the United States represents the amount of liquidity issued by the Congress. O The monetary base plus time deposits equals M2. Question Information: The monetary base is essentially the total currency issued by the central bank of a county. The total is divided into two components: that portion which circulates (held by the general public both within and outside the country) and that portion which is held by banks as cash reserves (either with the bank itself or held by a regional Federal Reserve bank, if considering the United States). Points earned on this question: 1
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MODULE - 1.docx
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