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Which of the following are included in the monetary base? a. Coins in circulation b. Currency...

Which of the following are included in the monetary base? a. Coins in circulation b. Currency in circulation c. Bank reserves d. All of the above

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Answer #1

A monetary base is the total amount of a currency/money being in general circulation in the hands of the public or kept in commercial bank deposits held in the central bank's reserves.

Hence, monetary base covers coins, currency and bank reserves, thus the answer is :

d.All of the above

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