Assuming all excess reserves are loaned out, if the reserve ratio is 1 percent, the money multiplier will be equal to:
A. 1.
B. 10.
C. 11.
D. 100.
Answer: D
Economics
You might also like to view...
Suppose the relationship between a person's age and his or her height is plotted with the age measured along the x-axis and the height measured along the y-axis. Then, the curve showing this relationship is
A) a straight line with a positive slope. B) positively sloped and becoming less stee
Economics
If the price elasticity of supply for a good is 10, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics