The higher the required reserve ratio, _____
a. the larger the money multiplier
b. the smaller the money multiplier
c. the more the excess reserves after each round of the money-creation process
d. the more the money that can be lent in each round of the money-creation process
e. the lower the demand for cash by the non-banking public
b
Economics
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"Banana republics" refers to:
A) nations that do not participate in free trade. B) nations that are net importers. C) nations that specialize in the production of only one good. D) nations that produce only agricultural products.
Economics
The percentage of the people of working age who have jobs is called the ________
A) labor force B) inverse of the unemployment rate C) employment-to-population ratio D) employment-to-working-age-population ratio
Economics