Cash: $129.25 billion Checking deposits: $207.4 billion Saving accounts: $273.5 billion Small denomination time deposits: $27.3 billion Bank reserves held at the Fed: $43.0 billion Suppose that in a certain economy, the above are the only forms of money. How big is the monetary base (MB)? O a. $508.20 billion O b. $364.15 billion O c. $610.15 billion O d. $316.50 billion O e. $172.25 billion O f. $653.15 billion

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: The Monetary System
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Cash: $129.25 billion
Checking deposits: $207.4 billion
Saving accounts: $273.5 billion
Small denomination time deposits: $27.3 billion
Bank reserves held at the Fed: $43.0 billion
Suppose that in a certain economy, the above are the only forms of money.
How big is the monetary base (MB)?
O a. $508.20 billion
O b. $364.15 billion
O c. $610.15 billion
O d. $316.50 billion
O e. $172.25 billion
O f. $653.15 billion
Transcribed Image Text:Cash: $129.25 billion Checking deposits: $207.4 billion Saving accounts: $273.5 billion Small denomination time deposits: $27.3 billion Bank reserves held at the Fed: $43.0 billion Suppose that in a certain economy, the above are the only forms of money. How big is the monetary base (MB)? O a. $508.20 billion O b. $364.15 billion O c. $610.15 billion O d. $316.50 billion O e. $172.25 billion O f. $653.15 billion
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