The money supply is ________ related to the nonborrowed monetary base, and ________ related to the level of borrowed reserves.
A) positively; negatively
B) negatively; not
C) positively; positively
D) negatively; negatively
Answer: C
The money supply is ________ related to the nonborrowed monetary base, and ________ related to the level of borrowed reserves.
A) positively; negatively
B) negatively; not
C) positively; positively
D) negatively; negatively
Answer: C