On a certain date, the banking system had $40 billion in excess reserves. The legally required reserve ratio was 20 percent. Potentially, if these funds were loaned and eventually the entire amount re-deposited with a bank, the banking system as a whole could increase the money supply by

a. a maximum of $40 billion.
b. a maximum of $160 billion.
c. a maximum of $200 billion.
d. more than $200 billion.

Economics

The presidents most closely associated with the Great Depression were __________ and ____________.

Fill in the blank(s) with the appropriate word(s).

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Economics

A demand curve for concert tickets would show the

What will be an ideal response?

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Economics