The reserve ratio is 10 percent. Depositors regularly keep 10 percent of their deposits as cash. If the Fed buys $1 million of U.S. government securities, excess reserves

In the United States there are some methods to save which reduce taxes on savings. These include

A) stock purchases. B) commodity purchases. C) money market accounts. D) retirement plans like 401Ks and 403Bs.

The underground economy

A) is measured by government officials through tax returns. B) is difficult to describe but easy to measure. C) includes production that uses illegal workers who are paid less than minimum wage. D) includes mining production. E) is estimated by the government and the estimate is part of official GDP.