Assume that when $100 of new reserves enter the banking system, the money supply ultimately increases by $800 . Assume also that no banks hold excess reserves and that the entire money supply consists of bank deposits. If, at a point in time, reserves for all banks amount to $750, then at that same point in time, loans for all banks amount to $6,000
a. True
b. False
Indicate whether the statement is true or false
False
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Exports account for what percent of GDP in the United States?
a. 2 percent b. 5 percent c. 11 percent d. 15 percent e. 20 percent
Economists believe it is feasible and desirable to reduce environmental damage to zero
a. True b. False Indicate whether the statement is true or false
If the supply curve and the demand curve both shift to the left, then the new equilibrium:
A. price will be lower, but the direction of the change in quantity is uncertain. B. quantity will be higher, but the direction of the price change is uncertain. C. price will be higher, but the direction of the change in quantity is uncertain. D. quantity will be lower, but the direction of the price change is uncertain.