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Author Question: When new checkable deposits are created through loans, a. the money supply contracts. b. excess ... (Read 27 times)

aabwk4

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on: Jun 30, 2018
When new checkable deposits are created through loans,
 a. the money supply contracts.
  b. excess reserves are destroyed.
  c. the money supply remains the same.
  d. the money supply expands.
  e. the required reserve ratio declines

Question 2

Which of the following best describes the vicious cycle of poverty?
 a. Rich countries eventually decline because its citizens become lazy.
 b. Poor countries eventually improve through investment in education, infrastructure, and capital accumulation.
  c. Rich countries stay rich through continued high levels of investment in education, infrastructure, and capital accumulation.
  d. Poor countries stay poor because they cannot afford to invest in education, infrastructure, and capital accumulation.


catron30

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

d

Answer to Question 2

d


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aabwk4

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Reply #2 on: Jun 30, 2018
Thank you :)


catron30

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Reply #3 on: Jun 30, 2018
Happy to help you


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