alleryMatch monetary base: 1. Base: p. Currency 2. Money: q. Reserves 3. Unit: r. High power
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
The monetary base consists of currency in circulation plus commercial bank reserve balances held at the central bank.
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