Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $1 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is
A. $12 million.
B. $15 million.
C. $20 million.
D. $3 million.
Answer: A
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If the cross elasticity of demand between two goods is negative, are the goods substitutes or complements?
What will be an ideal response?
Which of the following would be considered a "leisure" activity by economists?
A. Driving an on-duty taxi. B. Driving to the movies. C. Driving a forklift for work. D. Driving a bus for a city.
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