In Zealand, banks' desired reserve ratio is 20 percent and there is no currency drain. The money multiplier equals ________
A) 0.50
B) 0.20
C) 20.0
D) 5.0
D
Economics
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The returns from the home country and foreign country capital markets are equalized if:
a. the home country interest rates are higher. b. the foreign country interest rates are higher. c. the foreign country has a higher price level. d. both countries have no capital controls.
Economics
It is more profitable for a firm to be_______ than ________
a. In perfect competition; monopolists b. A monopolists; in perfect competition c. Not in business; in business d. All of the above
Economics