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Posted 4 months ago
What is included in the monetary base?
Choose 1 answer:
(A) Money held in bank vaults and money held by the public
(B) Only money held by the public
(C) Any asset of any value including cash, stocks, and bonds
(D) Only paper currency and coins
(E) All deposits in banks and money in circulation
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Answer from Sia
Posted 4 months ago
Solution by Steps
step 1
Identify the components of the monetary base: The monetary base typically includes the total currency in circulation and reserves held by banks at the central bank
step 2
Evaluate the answer choices: Compare the components identified in step 1 with the given answer choices to determine which one correctly defines the monetary base
Answer
A
Key Concept
Monetary Base Components
Explanation
The monetary base consists of the total currency in circulation (money held by the public) and reserves held by banks at the central bank (money held in bank vaults).
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