A reserve requirement of 12.5 percent implies a potential money multiplier of:
a. 5
b. 8.
c. 12.5.
d. 112.5.
b
Economics
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Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was worth $600?
A) $1200 B) $1040 C) $900 D) $1000
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An auction in which the price announced by the auctioneer DESCENDS is called a(n)
A) Dutch Auction. B) English Auction. C) Sealed Bid Auction. D) Descending Option Auction.
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Government rules and regulations can affect
A) market prices. B) the strategy of business. C) the costs of factors of production. D) all of these choices.
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Mercantilism is a doctrine that holds that exports are good for a country, whereas imports are harmful.
Answer the following statement true (T) or false (F)
Economics