Assume a required reserve ratio of .4. An increase in excess reserves of $60 can potentially lead to a demand deposit expansion of
A) $50.
B) $100.
C) $125.
D) $150.
D
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Distinguish between a perfectly competitive firm and a monopolistically competitive firm on the basis of the long-run equilibrium price
What will be an ideal response?
According to the kinked demand curve model, if an oligopolistic firm lowers its price, it should expect to see its total revenue:
A) increase. B) stay the same. C) decrease D) cannot be determined without more information.
Changes in the capital stock are caused by changes in ________
A) the quantity of labor B) depreciation and investment C) depreciation and entrepreneurship D) depreciation and the quantity of labor
Parties to the contract prefer to keep the actual agreement incomplete when:
a. they have conflicting terms and conditions. b. they are large in count. c. the economic value of the contract is low. d. the cost of negotiation is high.