For the money expansion process to produce the maximum potential multiplier effect
A) all loans of a given bank have to be deposited in that bank.
B) the Fed has to sell government bonds to back up the loans.
C) the required reserve ratio has to be 100 percent.
D) all loans from banks have to be redeposited throughout the banking system.
D
Economics
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Which of the following is true about the chairman of the Federal Reserve Board of Governors?
A. The chairman is elected by the Fed regional bank presidents. B. The chairman serves a 21-year term. C. A new chairman is elected as soon as a new U.S. president takes office. D. The chairman can be reappointed for more than one term.
Economics
Real GDP fluctuates from year to year but is always below potential GDP
Indicate whether the statement is true or false
Economics