Business, 08.11.2019 00:31 la200564

The monetary base is equal to
a. all currency in circulation plus reserves held by banks.
b. all currency in circulation plus checkable deposits in financial institutions.
c. all currency in circulation plus all deposits in financial institutions.
d. checkable deposits in depository institutions plus reserves held by banks.

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The monetary base is equal to
a. all currency in circulation plus reserves held by banks.

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