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All of the following are equal to the monetary base EXCEPT Part 2 A . currency held by the nonbank public plus reserves held by
All of the following are equal to the monetary base EXCEPT
Part
A
currency held by the nonbank public plus reserves held by banks.
B
highpowered money.
C
the money supply divided by the money multiplier.
D
bank deposits minus currency held by the nonbank public.
Part
The money multiplier equals
Part
A
total reserves minus required reserves.
B
the money supply divided by the monetary base.
C
highpowered money minus the monetary base.
D
free reserves plus the monetary base.
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