If currency held by the public equals $ 100 billion reserves held by banks equal $ 50 billion, and bank deposits equal $500 billion then the money supply equals: a. $ 100 billion b.$ 150 billion c. $600billion. d. $ 650 billion.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter25: Money, Banking, And The Federal Reserve System
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If currency held by the public equals $ 100 billion reserves held by banks equal $ 50 billion, and bank deposits equal $500 billion then the money supply equals:

a. $ 100 billion

b.$ 150 billion

c. $600billion.

d. $ 650 billion. 

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