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Author Question: Suppose that you deposit 2,000 in your bank and the required reserve ratio is 10 percent. The ... (Read 37 times)

danielfitts88

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on: Jun 29, 2018
Suppose that you deposit 2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is
 
  A) 200. B) 1,800. C) 2,000. D) 20,000.

Question 2

The GDP deflator is a measure of the price level which is calculated as nominal GDP divided by real GDP and multiplied by 100.
 
  Indicate whether the statement is true or false


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moormoney

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

B

Answer to Question 2

TRUE


danielfitts88

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

carojassy25

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Reply 3 on: Yesterday
Excellent

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