Author Question: If the reserve ratio is 10 percent, the money multiplier is equal to 10. Indicate whether the ... (Read 51 times)

Sufayan.ah · **on:** Jun 30, 2018

If the reserve ratio is 10 percent, the money multiplier is equal to 10.

Indicate whether the statement is true or false

Question 2

Dan missed class the day the professor covered the circular flow model. Dan asked his friend Joan to explain markets to him. Joan correctly stated that a market

A) must have many buyers and only one seller, who is willing to sell to all the buyers.
B) is only a place to purchase groceries.
C) requires a physical location for buyers and sellers to get together.
D) must include a written contract between buyers and sellers.
E) is any arrangement that brings buyers and sellers together.