Assume that the currency-deposit ratio is 32%, the required reserve ratio is 7%, the excess reserve ratio is 1%, and total money supply is $1,320 billion.What is the amount of high-powered money?
A) $132 billion
B) $165 billion
C) $330 billion
D) $400 billion
E) $800 billion
Correct Answer:
Verified
Q22: If the Fed decreases the reserve requirement,
A)market
Q23: The stock of high-powered money is reduced
Q24: If most economic disturbances are the result
Q25: The federal funds rate
A)is not affected by
Q26: Over which of the following does the
Q28: The federal funds rate is the rate
Q29: If money supply is M = 1,200,
Q30: If the Fed wanted to keep income
Q31: When the central bank intervenes in the
Q32: If the Fed wanted to maintain a
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