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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If Federal Reserve notes and coins are $765 billion, and banks' reserves at the Fed are $8 billion, the gold stock is $11 billion, and the Fed owns $725 billion of government securities, what does the monetary base equal?
A) $765 billion
B) $773 billion
C) $776 billion
D) $744 billion
E) $1,509 billion
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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#2
9 years ago
Don't mention it Happy Dummy
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