Which one of the following equations is correct?
A. Total reserves minus excess reserves equals required reserves.
B. Excess reserves minus required reserves equals total reserves.
C. Required reserves equals excess reserves divided by total reserves.
D. Total reserves equals excess reserves divided by required reserves.
A. Total reserves minus excess reserves equals required reserves.
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Which of the following is true?
a. Advertising on a national scale became a widely accepted practice, but only after the Civil War. b. The first attempts at advertising on more than the local level were directed at consumers rather than retailers. c. By 1920, advertising was a billion-dollar industry. d. Only a and b are correct. e. Only a and c are correct.
The economic impact of a change in spending, working through the multiplier, takes effect
a. immediately. b. very quickly, with a small number of rounds of spending. c. after a very long period of time. d. after multiple rounds of spending occur.