The simple deposit multiplier is the ratio of the amount of
A) new reserves created by the banks to the amount of loans.
B) loans issued by the banks to deposits created by the banks.
C) new reserves created by the banks to the amount of deposits.
D) deposits created by the banks to the amount of new reserves.
D
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The term "near monies" refers to which of the following? a. Savings and small time deposits, which (unlike currency and checkable deposits) are not immediately available as money in a transaction. b. Mexican pesos and Canadian dollars – the money used by our nearest neighbors
c. Counterfeit money that closely approximates the appearance of real money. d. None of the answers above are correct.
The unit-of-account costs of inflation are the costs resulting from the way in which inflation makes money a less reliable unit of measurement
a. True b. False Indicate whether the statement is true or false