An issue that proposals for international reform agree on is that
A) the IMF should intervene more in financial crises.
B) there must be a lender of last resort.
C) IMF quotas are currently set at an appropriate level.
D) the Basel capital requirements for banks should be increased.
B
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The Glass-Steagall Act became law in the
A) 1890s. B) 1910s. C) 1930s. D) 1950s.
When the legal reserve requirement is changed,
a. the money multiplier is changed but the amount of excess reserves in the banking system is unchanged b. the money multiplier is unchanged but the amount of excess reserves in the banking system is changed c. the size of the money multiplier and the amount of excess reserves change in the opposite direction from the legal reserve requirement d. the size of the money multiplier and the amount of excess reserves change in the same direction as the legal reserve requirement e. neither the money multiplier nor the amount of excess reserves change.