Author Question: When part of the quantity of money is held in currency, then A) a currency drain occurs. B) ... (Read 56 times)

neverstopbelieb · **on:** Jun 29, 2018

When part of the quantity of money is held in currency, then

A) a currency drain occurs.
B) there is a higher level of excess reserves.
C) the money multiplier will increase in value.
D) the Fed will find it beneficial to increase the discount rate.

Question 2

Marginal cost is the opportunity cost

A) that your activity imposes on someone else.
B) that arises from producing one more unit of a good or service.
C) of a good or service that exceeds its benefit.
D) of a good or service divided by the number of units produced.