Suppose the reserve ratio is RR. Then
A) required reserves = RR × deposits. B) required reserves = RR × loans.
C) required reserves = RR × actual reserves. D) required reserves = RR × excess reserves.
A
Economics
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According to the authors of your text, a politician's interest in getting reelected
A) expands the politician's time horizon. B) leads the politician to concentrate on policies capable of generating short-run benefits. C) further encourages the politician to conform more to acting in the public interest. D) is based chiefly on selfish interest.
Economics
The ratio of U.S. government spending to GDP reached its peak during:
a. World War I. b. World War II. c. the Great Depression. d. the real estate crisis. e. the bursting of the stock market bubble.
Economics