Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 25 percent, an initial deposit of $3,000 will lead to a total increase in deposits of
A) $750. B) $2,250. C) $12,000. D) $36,000.
C
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
What is game theory and what light does it shed on the issues faced by duopolists?
What will be an ideal response?
An increase in nominal GDP implies that the country is producing a greater quantity of goods and services
Indicate whether the statement is true or false
Playing the equilibrium of a one-stage game over and over again when the one-stage game is repeated is:
B. only a Nash equilibrium if the game is finite. C. only a Nash equilibrium if the game is infinite. D. dominated in some cases.