What is the value of the deposit multiplier in a 100-percent reserve banking system?
A) 0.
B) 1
C) a value between 0 and 1
D) a value greater than 1
Ans: B) 1
Economics
You might also like to view...
If the unit price of a product is P and buyers buy a given quantity Q, then sellers would collect total revenues equal to:
A. P x Q B. P + Q C. P - Q D. Q - P
Economics
Pleasure boaters enjoy the use of waterways, but sometimes run into problems and need rescue. Coast Guard boats, supported by tax revenue, are often used for rescue. Is it likely that there will be an efficient amount of boating and rescuing?
What will be an ideal response?
Economics