Pls help with this homework, explain the selected options throughly. Question 11In March 2016, the U.S. nonbank public held $1.3 trillion in currency. The checkable deposits of U.S.commercial banks were $1.8 trillion. The total reserves of the U.S. banking system were $2.6trillion. Of this total, $0.15 trillion were required reserves.Which of the following statements is not correct?The U.S. M1 money supply was $3.1 trillion.O The U.S. banking system held more than 100 percent reserves against its checkable deposits.O The average required reserve ratio for U.S. commercial banks was less than 10 percent.The excess reserves of U.S. banks were more than 15 times larger than their required reserves.O None of the above: that is, each of the above statements "is" correct.

There information about the monetary base of the United States in March 2016 is given.

Question 11 In March 2016, the U.S. nonbank public held $1.3 trillion in currency. The checkable deposits of U.S. commercial banks were $1.8 trillion. The total reserves of the U.S. banking system were $2.6 trillion. Of this total, $0.15 trillion were required reserves. Which of the following statements is not correct? O The U.S. M1 money supply was $3.1 trillion. O The U.S. banking system held more than 100 percent reserves against its checkable deposits. O The average required reserve ratio for U.S. commercial banks was less than 10 percent. The excess reserves of U.S. banks were more than 15 times larger than their required reserves. O None of the above: that is, each of the above statements 'is' correct.

Question 11 In March 2016, the U.S. nonbank public held $1.3 trillion in currency. The checkable deposits of U.S. commercial banks were $1.8 trillion. The total reserves of the U.S. banking system were $2.6 trillion. Of this total, $0.15 trillion were required reserves. Which of the following statements is not correct? O The U.S. M1 money supply was $3.1 trillion. O The U.S. banking system held more than 100 percent reserves against its checkable deposits. O The average required reserve ratio for U.S. commercial banks was less than 10 percent. The excess reserves of U.S. banks were more than 15 times larger than their required reserves. O None of the above: that is, each of the above statements 'is' correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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