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Author Question: The money multiplier equals: a. 1 / excess reserves. b. excess reserves / loans. c. required ... (Read 70 times)

AEWBW

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on: Jun 30, 2018
The money multiplier equals:
 a. 1 / excess reserves.
  b. excess reserves / loans.
  c. required reserve ratio / excess reserves.
  d. 1 / actual reserves.
  e. 1 / required reserve ratio.

Question 2

GDP per capita is about 10 times higher in industrially advanced countries (IACs) than in the poorer less-developed countries (LDCs).
 a. True
  b. False
  Indicate whether the statement is true or false


samiel-sayed

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

e

Answer to Question 2

False


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