If the money multiplier is approximated to be 4, then the reserve ratio must be:
A. 25 percent.
B. 2.5 percent.
C. 5 percent.
D. 4 percent.
A. 25 percent.
Economics
You might also like to view...
Legally established titles to the ownership, use, and disposal of factors of production are referred to as
A) property rights. B) Coase rights. C) pollution rights. D) emission rights. E) price-setting rights.
Economics
The demand curve for a product can be derived from consumer equilibrium by:
a. altering the prices of all other products. b. altering consumer incomes. c. shifting consumer preferences. d. altering the price of the good itself. e. knowing the demand curves for all other products.
Economics