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Author Question: If the reserve ratio is designated by r, the amount of deposits a bank can hold as excess reserves ... (Read 58 times)

mydiamond

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on: Jun 30, 2018
If the reserve ratio is designated by r, the amount of deposits a bank can hold as excess reserves is equal to 1 / (1 - r).
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is true?
 
  A) An overvalued domestic currency encourages exports.
  B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last.
  C) A country can keep its currency overvalued against the dollar as long as it can print its own currency.
  D) An undervalued domestic currency encourages imports.


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Cnarkel

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Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


mydiamond

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Reply 2 on: Jun 30, 2018
Gracias!

irishcancer18

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Reply 3 on: Yesterday
:D TYSM

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