When the required reserve ratio is lowered, the money multiplier,
A. increases, and the amount of excess reserves increases in the banking system.
B. decreases, and the amount of excess reserves increases in the banking system.
C. decreases, and the amount of excess reserves decreases in the banking system.
D. increases, and the amount of excess reserves decreases in the banking system.
Answer: A
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If the current account balance has a $70 million deficit and there was no change in official reserves during that year, then we know that
A) net transfers were -$70 million. B) the capital account balance must have a $70 million deficit. C) the balance of payments must register a $70 million surplus. D) the official settlements account balance must have a $70 million surplus. E) the capital and financial account balance must have a $70 million surplus.
Why was a fixed price of $50 not the best way of allocating used laptops? Suggest other possible ways of distributing the laptops that would be efficient
What will be an ideal response?
Which of the following legal subjects is most concerned with the economic function of the legal system?
A. criminal law B. civil rights C. public goods D. antitrust legislation
Crime in the U.S. is committed disproportionately by
A. minorities. B. whites. C. Asian-Americans. D. legal immigrants.