Suppose you withdraw $500 from your checking account deposit and bury it in a jar in your back yard. If the required reserve ratio is 10 percent, checking account deposits in the banking system as a whole could drop up to a maximum of
A) $0.
B) $50.
C) $500.
D) $5,000.
Answer: D
Economics
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The increase in spending that occurs because the demand for investment goods increases when the price level falls is known as the
A) price effect. B) international trade effect. C) wealth effect. D) interest rate effect.
Economics
In the United States, total health care spending per person has been ________, and out-of-pocket spending on health care per person has been ________
A) falling; rising B) rising; falling C) rising; rising D) falling; falling
Economics