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1) Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $1 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is A) $3 million. B) $12 million. C) $15 million. D) $20 million.
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1) Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $1...
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