The money multiplier equals
A. the money supply divided by the monetary base.
B. currency held by the non-bank public plus banks' reserves.
C. currency held by the non-bank public plus transaction accounts.
D. M2 divided by M1.
Answer: A
You might also like to view...
Sean agrees to restore Janine's car for $2,000. Janine agrees to this amount. However, she will pay Sean only after the restoration is complete. This is an example of a(n) ________
A) quasi-contract B) executed contract C) bilateral contract D) executory contract
All owners, regardless of percentage of ownership, are required to personally guarantee SBA loans.
Answer the following statement true (T) or false (F)
The _____ tracks the stock prices of some of the largest and most actively traded companies listed on the Tokyo Stock Exchange.
A. Nikkei 225 B. SSE Composite C. Standard & Poor's 500 D. FTSE 100
Meinke Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During April, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,680 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $33.80 Wages and salaries$3,100 $6.40Food and supplies 1,000 14.40Facility expenses 9,100 3.40Administrative expenses 6,500 0.40Total expenses$19,700 $24.60?Actual results for April:? ?Revenue$118,524 Wages and salaries$27,122?Food and supplies$51,982?Facility expenses$20,852?Administrative
expenses$8,052???The activity variance for wages and salaries in April would be closest to: A. $128 U B. $128 F C. $342 U D. $342 F