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If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the monetary base equals:________

Respuesta :

Answer:

the monetary base is $150 billion

Explanation:

The computation of the monetary base is shown below:

Monetary base is

= Currency held by the public + reserve held by the banks

= $100 billion + $50 billion

= $150 billion

Hence, the monetary base is $150 billion

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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