The banking system is able to make new loans equal to
A) total legal reserves of the system.
B) total excess reserves of the system.
C) total required reserves of the system.
D) a multiple of total excess reserves of the system.
Ans: D) a multiple of total excess reserves of the system.
Economics
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Why do the governments of some developing countries use tariffs to raise revenue?
What will be an ideal response?
Economics
A marginal benefit curve shows
A) the efficient use of resources. B) the quantity of one good that must be forgone to get more of another good. C) the quantity of one good that people are willing to forgo to get another unit of another good. D) there are increasing opportunity costs.
Economics