Net capital outflow equals
a. the value of domestic assets purchased by foreigners.
b. the value of foreign assets purchased by domestic residents.
c. the value of domestic assets purchased by foreigners - the value of foreign assets purchased by domestic residents.
d. the value of foreign assets purchased by domestic residents - the value of domestic assets purchased by foreigners.
d
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Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $15,000 B) $375,000 C) $750,000 D) $1,500,000
The non-democratic character of the Board of Governors of the Federal Reserve System helps support ________
A) the political business cycle B) the time-inconsistency problem C) its independence D) rational expectations of Federal Reserve behavior