Answer the following statement(s) true (T) or false (F)
1.A bank with a reserve requirement of 12 percent has a money multiplier of 12.
2.The money multiplier allows a bank to calculate exactly how much money will be generated from a given deposit.
3.The Federal Reserve System is a publicly owned entity.
4.The members of the Federal Reserve Board of Governors are chosen by the Board’s chairman.
5.Most of the decisions influencing changes in the money supply are made by the heads of the 12 banks that make up the Federal Reserve System.
1.FALSE
2.FALSE
3.FALSE
4.FALSE
5.FALSE
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If only one player in a game has a dominant strategy, there can be no Nash equilibrium
Indicate whether the statement is true or false
A statistical technique used to isolate the individual effects of a number of factors on a single outcome is called
A) the audit method. B) regression analysis. C) statistical discrimination. D) taste-based discrimination.
Explain the term "economics."
What will be an ideal response?
When marginal revenue is equal to marginal cost, the monopolist
A. should increase output to maximize profits. B. will maximize profits or minimize losses. C. will produce where price = ATC.