The larger the simple deposit multiplier,
A) the higher the required reserve ratio.
B) the higher the discount rate.
C) the larger the change in the money supply for a given change in deposits.
D) the less likely the Fed will be to use its monetary policy tools.
C
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The combined revenues of Walmart, ExxonMobil, and Chevron total more than the GDP of
A. Belgium. B. Denmark. C. Ireland. D. All of these nations.
A firm's implicit costs are
a. its maintenance costs b. its paid-out costs of production c. its main source of executive costs d. irrelevant to the determination of economic profit e. opportunity costs of production that do not involve money outlays
When a currency is described as undervalued, this typically implies:
A. the exchange rate is lower than one year previous. B. it is undervalued relative to what the describer believes purchasing power parity to be. C. the exchange rate is greater than one. D. it is undervalued relative to the exchange rate set by the nation's central bank.
Who holds this view: "…We are consuming more than we are producing, borrowing more than we are saving and spending more than we are earning."
A. Murray Weidenbaum B. Thorstein Veblen C. Benjamin Franklin D. Adam Smith