Based on the information in the table, what quantity of reserves would the Federal Reserve have had to inject into the economy in 1932 to prevent the money supply from falling, given that the public increased the amount of currency it held and that banks increased the reserve-deposit ratio?
A)$0.30 billion
B)$0.66 billion
C)$0.89 billion
D)$3.54 billion

Question

Based on the information in the table, what quantity of reserves would the Federal Reserve have had to inject into the economy in 1932 to prevent the money supply from falling, given that the public increased the amount of currency it held and that banks increased the reserve-deposit ratio? 
A)$0.30 billion 
B)$0.66 billion 
C)$0.89 billion 
D)$3.54 billion

Quizplus · Accepted Answer

The Answer of Based on the information in the table, what quantity of reserves would the Federal Reserve have had to inject into the economy in 1932 to prevent the money supply from falling, given that the public increased the amount of currency it held and that banks increased the reserve-deposit ratio? 
A)$0.30 billion 
B)$0.66 billion 
C)$0.89 billion 
D)$3.54 billion

Based on the Information in the Table, What Quantity of Reserves