In a fractional reserve banking system with no currency where res is the ratio of reserves to deposits, the money multiplier is
A) 1 - res.
B) 1 + res.
C) 1/res.
D) res2
C
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The Navigation Acts (1651 and later amendments) were intended to promote shipping and international commerce
Indicate whether the statement is true or false
A nation's account with the International Monetary Fund denominated in special drawing rights is
A) the quota subscription. B) the account at the World Bank. C) portfolio investment. D) the account at the Fed.
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a. true b. false