2)High powered money is equal to:

a. None of the options is correct

b. Reserve +securities

c. Currency + securities

d. Currency + reserve

4)Required reserve is equal to: a. e x D b. c x D c. (1/r) x D d. r x D

5)Discount loans are controlled by:

a. All the options are correct

b. Depositors

c. Banks

d. Fed