From a new deposit in a checking account potential money creation is:
a. excess reserves times money multiplier
b. initial deposit times money multiplier.
c. actual reserves times required reserve ratio.
d. required reserves times money multiplier.
b
You might also like to view...
According to the neoclassical growth model, economic growth in the steady state occurs because of
a. increasing populations, which increase the demand for consumption. b. exogenous increases in technology. c. international trade. d. active governments, which stimulate consumption through government spending. e. all of the above.
The age-earning cycle
A) is an earnings profile of an individual throughout his or her lifetime. B) shows the earnings differences by age and by gender. C) depicts differences in the relationship between age and earnings across countries. D) shows the average incomes of people broken down by age categories.