If banks cannot lend all of their excess reserves:
a. the money multiplier increases.
b. the money multiplier decreases.
c. the money multiplier stays the same.
d. the amount of loans by the bank increases.
e. checkable deposits decrease.
b
Economics
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An important factor that contributes to labor productivity growth is:
A) growth in the capital stock. B) technological change. C) the standard of living. D) A and B only E) A, B, and C are correct.
Economics
Compare and contrast the two normative standards to income distribution discussed in the text: The productivity standard and the egalitarian principle
What will be an ideal response?
Economics