The money multiplier is
A) Assures that excess reserves will be driven to zero.
B) The number of times GDP can be increased by expansion of the money supply.
C) Is equal to the fractional reserve requirement ratio times total reserves.
D) None of the above.
Answer: D
Economics
You might also like to view...
The Federal Reserve System (The Fed) is the ________ incarnation of a central bank in the United States
A) first B) second C) third D) fourth
Economics
The amount of government spending on education per public school student has ________ since 1960, and the achievement level of students has generally ________ since that time
A) increased; increased B) decreased; decreased C) increased; decreased D) decreased; increased
Economics