The Fed increases bank reserves in the system by $75 million. If there are no drains the expected change in bank deposits is
A) $82.5 million.
B) $945 million.
C) $750 million.
D) $1,500 million.
E) $655 million. (1/0.10) * $75 million
Correct Answer:
Verified
Q6: Ceteris paribus,if the Fed was targeting the
Q10: Nationally chartered banks are required to become
Q21: The Federal Reserve does all but which
Q24: The major monetary policy making arm of
Q25: From October 1983 to July 1993 the
Q30: The seven members of the Board of
Q36: Which of the following is the major
Q37: The Check 21 Act,effective in October 2004,does
Q41: What are the main responsibilities of the
Q51: Why did the Fed switch from increasing
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