A nation's votes at the IMF are proportional to its population
Indicate whether the statement is true or false
FALSE
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In the economy of Briskland, the commercial banks have deposits of $500 billion. Their reserves are $50 billion, 80 percent of which is in deposits with the Central Bank
There is $20 billion in Central Bank notes outside the banks, and there are no coins. a) What is the monetary base? b) If all the deposits are money, what is the total quantity of money? c) What is the banks' reserve ratio? d) What is the currency drain as a percentage of the quantity of deposits?
The interest rate that banks use as a benchmark rate for interest rates on a wide range of loans to businesses and individuals is the:
a. Federal funds rate b. Real interest rate c. Discount rate d. Prime interest rate
The own price elasticity of demand for apples is ?1.5. If the price of apples falls by 6 percent, what will happen to the quantity of apples demanded?
A. It will fall 4 percent. B. It will increase 4 percent. C. It will increase 9 percent. D. It will fall 6 percent.
How would expansionary monetary policy affect the AD curve?
A. It would shift to the right. B. It would fall. C. It would become more static. D. It would shift to the left.