Only the required reserve ratio determines how much money the Federal Reserve can create.
Answer the following statement true (T) or false (F)
False
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From 2004 to 2007, the growth rates of M1 and M2
A) were identical. B) both increased but at different rates. C) both decreased but at different rates. D) moved in opposite directions.
If a country experienced deflation, then
a. the nominal interest rate would be greater than the real interest rate. b. the real interest rate would be greater than the nominal interest rate. c. the real interest rate would equal the nominal interest rate. d. nominal GDP would be smaller than the money supply.
The Reagan tax cuts of the 1980s
A. had not impact on the budget deficit. B. decreased the budget deficit. C. increased the budget deficit. D. initially decreased the deficit but later increased it.
Which of the following groups of countries were members of NAFTA?
A. Japan, Canada, and Mexico B. the United States, Japan, and Mexico C. the United States, France, and Germany D. the United States, Canada, and Mexico