Under a fractional reserve banking system, banks have reserves of only a fraction of their total deposits
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to the table above. What is the marginal product of the third worker?
A) 60 pairs of shoes B) 68 pairs of shoes C) 112 pairs of shoes D) 180 pairs of shoes
A demand curve that is perfectly inelastic is
A. horizontal. B. vertical. C. at a 45 degree angle. D. parallel to the X-axis.
Which of the following is upward-sloping?
a. both the long-run and the short-run Phillips curve b. neither the long-run nor the short-run Phillips curve c. the long-run Phillips curve, but not the short-run Phillips curve d. the short-run Phillips curve, but not the long-run Phillips curve
If an economy produces 1,000 units of output with a price level of $1 and the money supply (M) is $500, velocity is:
A. 2. B. 5. C. 50. D. 500.