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)$744 billion
B)$1,509 billion
C)$773 billion
D)$765 billion
E)$776 billion

Question

Quizplus · Accepted Answer

The Answer of 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)$744 billion
B)$1,509 billion
C)$773 billion
D)$765 billion
E)$776 billion

If Federal Reserve Notes and Coins Are $765 Billion, and Banks