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Which of the following is a component of high powered money? Select one: a.The sum of currency in circulation, bank reserves, and current account deposits.

Which of the following is a component of high powered money?

Select one:

a.The sum of currency in circulation, bank reserves, and current account deposits.

b.Currency in circulation plus bank reserves.

c.Currency in circulation plus current account deposits.

d.Bonds held by banks plus current account deposits.

e.Bonds held by banks, loans, and bank reserves.

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