When the required reserve ratio is lowered,
a. the money multiplier increases, and the amount of excess reserves increases in the banking system.
b. the money multiplier decreases, and the amount of excess reserves increases in the banking system.
c. the money multiplier decreases, and the amount of excess reserves decreases in the banking system.
d. the money multiplier increases, and the amount of excess reserves decreases in the banking system.
e. there is no change in either the money multiplier or the amount of excess reserves in the banking system.
a
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The percentage of foreign-born people living in the U.S. continued to rise after the Civil War
Indicate whether the statement is true or false
A company will strive to minimize
A) transaction costs. B) costs of internal operations. C) total costs of transactions and internal operations combined. D) variable costs.