Recessions begin at ________ and end at ________.
A. a peak; a trough
B. the highest unemployment rate; the lowest unemployment rate
C. a trough; a peak
D. the lowest unemployment rate; the highest unemployment rate
Answer: A
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If currency outstanding equals $200 million, checkable deposits equal $1 billion, reserves equal $150 million, and the required reserve ratio is 0.10, the money multiplier equals
A) 0.86. B) 3.14. C) 3.43. D) 4.
Which of the following is not an advantage of a multilateral approach to free trade over a unilateral approach?
a. A multilateral approach can reduce trade restrictions abroad as well as at home. b. A multilateral approach has the potential to result in freer trade. c. A multilateral approach requires the agreement of two or more nations. d. A multilateral approach may have political advantages.