The monetary base is equal to the sum of coins,
A)and checkable deposits at banks.
B)currency and checkable deposits at banks.
C)U.S. government securities owned by the Federal Reserve and Federal Reserve notes.
D)currency, banks' reserves at the Federal Reserve and checkable deposits at banks.
E)currency and banks' reserves at the Federal Reserve.

Question

Quizplus · Accepted Answer

The monetary base consists of currency in circulation and banks' reserves held at the Federal Reserve.

The Monetary Base Is Equal to the Sum of Coins