Assuming the required reserve ratio is 20 percent and total reserves are set at $20 billion,then the maximum amount of deposits would be
A) $100 billion.
B) $4 billion.
C) $40 billion.
D) $60 billion.
E) $120 billion.
Correct Answer:
Verified
Q14: The monetary base consists of
A)government securities held
Q15: Which of the following functions express the
Q16: If the Federal Reserve purchases $1 million
Q17: Assuming each policy is performed with the
Q18: If the Federal Reserve sells $10 million
Q20: Which of the following is the largest
Q21: The Federal Open Market Committee is responsible
Q22: Which of the following statements is (are)correct?
A)Changes
Q23: If a fear of increased bankruptcies of
Q24: In the Keynesian model,a Federal Reserve sale
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents