As of October 2012, the value of currency in circulation was about
A) $1.1 billion.
B) $11 billion.
C) $1.1 trillion.
D) $11 trillion.
Correct Answer:
Verified
Q1: Vault cash is a(an)
A)liability of the Fed
Q2: The percentage of deposits that banks must
Q12: In October 2012, the largest liability of
Q13: The monetary base is equal to
A)all currency
Q13: Which of the following is a liability
Q18: Open market operations generally involve
A) the Fed
Q21: The interest rate the Fed charges on
Q27: The Fed's portfolio of securities consists principally
Q28: When the Fed extends loans to depository
Q31: The primary assets of the Fed are
A)discount
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