If the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be:
a. 0.40
b. 4.00
c. 2.50
d. 0.25
b
You might also like to view...
If Bill is willing to pay $10 for one good X, $8 for a second, and $6 for a third, and the market price is $5, then Max's consumer surplus is:
a. $24 b. $18. c. $9 d. $6.
What is fiat money? Why is fiat money important in the United States today?
Jobs that involve pleasant work, as opposed to jobs that involve unpleasant work, usually pay
a. higher wages, because jobs that involve pleasant work typically require more education than do jobs that involve unpleasant work. b. higher wages, because jobs that involve pleasant work typically require more well-developed personality skills than do jobs that involve unpleasant work. c. lower wages, because workers typically are not attracted to jobs that involve unpleasant work unless there is a monetary inducement. d. lower wages, because workers who take jobs that involve unpleasant work typically stay in those jobs for relatively long periods of time and accumulate significant experience.
Real GDP is always measured in
A) cheaper dollars. B) quality of goods produced. C) base-year dollars. D) nominal dollars. E) current dollars.