If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is
A) 3.23.
B) 4.46.
C) 5.22.
D) 0.76.
E) 6.67.
Correct Answer:
Verified
Q118: Credit cards are
A)a form of money used
Q119: A bank has $250 in checking deposits,
Q120: M2 equals
A)M1 and is just another name
Q121: Money is best defined as
A)anything that is
Q122: The Banks of the Mississippi has excess
Q124: The monetary base is equal to
A)Federal Reserve
Q125: An increase in the currency drain ratio
A)decreases
Q126: Open market operations are the
A)lending of reserves
Q127: The objects we use as money today
Q128: Which statement about money is most correct?
A)Money
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