Harry gets $1,000 in currency from his grandfather when he graduates from college. He deposits these funds into his checking account. What is the impact on the monetary base of Harry's deposit?
A. The monetary base did not change
B. The monetary base decreased by $1,000
C. The monetary base increases by more than a $1,000
D. The monetary base increased by $1,000
Answer: A
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The goal of a commercial bank is to
A) establish good regulations for commercial activities. B) accept only deposits made in money. C) minimize its taxes paid to state governments. D) maximize its stockholders' wealth. E) make only safe, no-risk loans.
Which of the following countries provides the best example of a successful import substitution development strategy?
(a) Chile. (b) Taiwan. (c) Argentina. (d) Botswana.
A weaker dollar will stimulate sales of U.S. exports
a. True b. False Indicate whether the statement is true or false
With respect to international trade, specialization means that
A. each country consumes what it produces. B. labor is exported or imported in much the same way as other products. C. most goods and services that are traded internationally are produced in only 1 or 2 nations. D. labor and other resources in a nation are used to produce the products and services for which they are best suited.