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

Question

Quizplus · Accepted Answer

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

The Monetary Base Is Equal to the Sum of Coins