Author Question: If the required reserve ratio is 10 percent, 1,000 cash deposited into a checkable deposit account ... (Read 77 times)

darbym82 · **on:** Jun 30, 2018

If the required reserve ratio is 10 percent, 1,000 cash deposited into a checkable deposit account will generate, assuming willing borrowers, an increase in the money supply of:
a. 900.
b. 1,100.
c. 9,000.
d. 10,000.
e. 11,000.

Question 2

Of the following choices, which is the best example of a nation's economic infrastructure?
a. Natural resources.
b. Highway system.
c. Government.
d. Religious and cultural beliefs.
e. Population growth rate.