Author Question: Most less-developed countries have sufficient infrastructure in place to become a developed country. ... (Read 91 times)

roselinechinyere27m · **on:** Jun 30, 2018

Most less-developed countries have sufficient infrastructure in place to become a developed country.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When the required reserve ratio is changed,
a. the money multiplier is changed but the amount of excess reserves in the banking system is unchanged.
b. the money multiplier is unchanged but the amount of excess reserves in the banking system is changed.
c. the size of the money multiplier and the amount of excess reserves change in the opposite direction from the required reserve ratio.
d. the size of the money multiplier and the amount of excess reserves change in the same direction as the required reserve ratio.
e. neither the money multiplier nor the amount of excess reserves change.