Purchases of existing commodities, such as gold and precious ...

[swpotter12]

Purchases of existing commodities, such as gold and precious gems, are considered investment spending by economists.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a bank borrows 1,000 from the Fed and lends it out, the bank sets in motion a process that will result in an expansion of the money supply by a multiple of that 1,000.
 a. True
  b. False
  Indicate whether the statement is true or false

[samiel-sayed]

Answer to Question 1

False

Answer to Question 2

True

[swpotter12]

Thanks for the timely response, appreciate it

[marict]

Gracias!