The relationship between borrowed reserves, the nonborrowed monetary base, and the monetary base is

The relationship between borrowed reserves, the nonborrowed monetary base, and the monetary base is

The relationship between borrowed reserves, the nonborrowed monetary base, and the monetary base is




A) MB = MBn - BR.
B) BR = MBn - MB.
C) BR = MB - MBn.
D) MB = BR - MBn.



Answer: C