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The monetary base consists of
The monetary base consists of...
a.
Bank notes in circulation.
b.
All of the other options are correct.
c.
Cash held by banks.
d.
Coins in circulation.
Expert Solution
Answer:
Monetary base is the total amount of currency which is either in the circulation in the hand of public or commercial bank deposits held in the central bank reserve.
So, given all the option are corrct choice.
Option B : all of the options are correct.
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