In Australia, the quantity of M1 is $150 billion, the currency drain ratio is 33 percent of deposits and the reserve ratio is 8 percent of deposits.What is the monetary base?
A)$39.50 billion
B)$12.00 billion
C)$46.24 billion
D)$395.12 billion
E)$49.50 billion

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The Answer of In Australia, the quantity of M1 is $150 billion, the currency drain ratio is 33 percent of deposits and the reserve ratio is 8 percent of deposits.What is the monetary base?
A)$39.50 billion
B)$12.00 billion
C)$46.24 billion
D)$395.12 billion
E)$49.50 billion

In Australia, the Quantity of M1 Is $150 Billion, the Currency