________ in the currency drain ratio and ________ in the desired reserve ratio ________ the money multiplier
A) An increase; a decrease; increase
B) A decrease; a decrease; increase
C) A decrease; an increase; decrease
D) An increase; an increase; increase
E) An increase; a decrease; decrease
B
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The "gold-standard" is a system in which:
A) gold mining firms own the right to print currency. B) people use gold as a medium of exchange. C) paper currency is backed by gold. D) gold is imported into the U.S. in exchange of paper currency.
If a corporation goes bankrupt, bondholders have ________ on the firm's assets
A) second claim, after stockholders, B) no claim C) first claim D) third claim, after the IRS and stockholders,
Economists apply the term "Great Inflation" to which decade?
A) 1930s B) 1940s C) 1950s D) 1960s E) 1970s
It is illegal for a business to price discriminate when selling goods to other businesses unless Both A & B are true
a. Price discounts are cost-justified b. Discounts are offered to meet competitors' price c. Either A or B is true d.