To complement actions by the Fed to reduce inflation, Congress ...

[renzo156]

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.

[Sierray]

Answer to Question 1

TRUE

Answer to Question 2

C

[renzo156]

TYSM

[lcapri7]

Thanks for the timely response, appreciate it