If the required reserve ratio is 15 percent, the simple deposit multiplier is
A) 15.0.
B) 1.5.
C) 6.67.
D) 3.33.
C
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Which of the following is a determinant of the price elasticity of demand for a product? I. The existence of substitute goods II. The percentage of a consumer's total budget devoted to purchases of that commodity
A) I only B) II only C) both I and II D) neither I nor II
When considering the factor distribution of income, which of the following income is represented as proprietor income?
A. Rent for capital. B. Interest for loans on capital. C. Labor or capital factors that proprietors put into their businesses D. Wages for workers
By definition, M1 includes:
a. savings accounts. b. money market mutual accounts. c. small denomination time deposits. d. checkable deposits.
Durable goods and non-durable goods comprise approximately ________ of the supply side of the GDP.
a. 1% b. 20% c. 45% d. 80%