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Author Question: According to the text, Singapore is classified as a less developed country (LDC). a. True b. False ... (Read 26 times)

haleyc112

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on: Jun 30, 2018
According to the text, Singapore is classified as a less developed country (LDC).
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a bank receives a new deposit of 10,000 . and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is:
 a. 25,000.
  b. 2,500.
  c. 4,000.
  d. 40,000.
  e. 10,000.


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ApricotDream

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

False

Answer to Question 2

d


haleyc112

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Reply #2 on: Jun 30, 2018
Thank you


ApricotDream

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Reply #3 on: Jun 30, 2018
No problemo


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