When the required reserve ratio is decreased:
a. the excess reserves of member banks are reduced, but the money multiplier is not affected.
b. the excess reserves of member banks are reduced, and the money multiplier is increased.
c. the excess reserves of member banks are increased, but the money multiplier is not affected.
d. the excess reserves of member banks are increased, and the money multiplier is increased.
d
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Refer to the scenario above. What is Alice's optimal bidding price?
A) $25,000 B) $30,000 C) $24,000 D) $36,000
Luke purchases a $50,000 face value one-year Treasury bill for $46,296.30, and the next day investors decide they will only buy one-year Treasury bills if they receive an interest rate of 4%
If Luke decides to sell his Treasury bill to another investor the day after he purchased it, he will A) receive a capital gain of $1,780.62. B) receive a capital gain of $2,000.00. C) suffer a capital loss of $1,923.08. D) suffer a capital loss of $1,851.85.
During 2005, the tax rate on the top income bracket in the U.S. tax system was _____
a. 28 percent b. 31 percent c. 35 percent d. 39 percent
If you knew that two countries had the same level of real GDP per person, what additional piece of information would help you determine in which country people had a better standard of living?
A. The average number of hours worked per week in each country B. The average level of prices in each country C. The population of each country D. The total physical volume of output for each country