If M = the quantity of money, m the money multiplier, MB the Monetary Base, C = Currency, D = Deposits, R = Reserves, RR equals required reserves, and ER = Excess reserves, then C + R would equal:
A. M
B. R
C. MB
D. ER
Answer:C
If M = the quantity of money, m the money multiplier, MB the Monetary Base, C = Currency, D = Deposits, R = Reserves, RR equals required reserves, and ER = Excess reserves, then C + R would equal:
A. M B. R C. MB D. ER