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Author Question: To complement actions by the Fed to reduce inflation, Congress and the President can cut spending ... (Read 58 times)

renzo156

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on: Jun 29, 2018
To complement actions by the Fed to reduce inflation, Congress and the President can cut spending and/or raise taxes.
 
  Indicate whether the statement is true or false

Question 2

Suppose a bank has 100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 4 percent, then the bank can make a maximum loan of
 
  A) 0. B) 4 million. C) 6 million. D) 10 million.


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Sierray

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


renzo156

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Reply 2 on: Jun 29, 2018
Gracias!

dreamfighter72

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Reply 3 on: Yesterday
:D TYSM

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