Which of the following events would reduce the size of the "real-world" money multiplier?
a. Banks hold more excess reserves.
b. Households hold less currency.
c. The Fed increases the discount rate.
d. The Fed reduces the required reserve ratio.
a
Economics
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"The price elasticity of demand is constant along a straight-line demand curve." Is this statement true or false?
Indicate whether the statement is true or false
Economics
Which of the following is true of a certificate of deposit?
a. They are accounts at savings and loan associations. b. The funds in this deposit account are not given out in the form of loans. c. The funds in this account must be deposited for a specified period of time. d. The value of the deposit should be more than $100,000. e. The deposits earn very little or no interest.
Economics