Which of the following will make the real-world money multiplier smaller than the theoretical formula?
a. Banks actually hold fewer reserves than technically required by the Fed.
b. Banks actually make loans for more money than they have in excess reserves.
c. Banks may keep some excess reserves rather than loan it all out.
d. Both a. and b. above are correct.
c
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In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
The narrow definition of money (MI) in the Irish economy is:
(a) Coins, notes and current accounts. (b) Coins, notes, deposit accounts and current accounts. (c) Coins, notes and all deposit accounts. (d) Notes and coins issued by the Irish Central Bank.
Which furniture production process would have the highest wage rates?
A. Furniture made by handsaw and hammer B. Furniture made with power equipment C. Furniture with a mix of handmade and automated labor D. Furniture made in an automated furniture factory
Which of the following will cause a movement along the demand curve for shoes?
A) an increase in the price of socks B) an increase in income C) an increase in the price of shoes D) all of the above