The maximum potential money multiplier is equal to
A) one minus the reserve ratio B) the reserve ratio.
C) the inverse of the required reserve ratio. D) the number of dollars on reserve.
C
Economics
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Suppose that a country has a comparative advantage in agricultural products. When trade occurs, the nominal and real prices of the agricultural good will:
a. both fall. b. both rise. c. both remain constant. d. The nominal price will fall and the real price will rise.
Economics
The slope of the indifference curve between steak and lobster is always equal to the ratio of their prices
Indicate whether the statement is true or false
Economics