Federal Reserve Notes in circulation are:
A. an asset as viewed by the Federal Reserve Banks.
B. a liability as viewed by the Federal Reserve Banks.
C. neither an asset nor a liability as viewed by the Federal Reserve Banks.
D. part of M1 but not of M2.
B. a liability as viewed by the Federal Reserve Banks.
Economics
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Suppose Kaylee withdraws $4,000 from her bank. If the reserve ratio is 25 percent, then this will lead to a decrease in M1 of
A) $1,000. B) $4,000. C) $8,000. D) $12,000.
Economics
The quantity of hamburger that households are willing to purchase is predicted to rise if there is:
a. a fall in the price of hot dogs b. a fall in the price of hamburger buns c. a rise in the price of onion rings d. a rise in the price of catsup
Economics