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Author Question: Interest is not the price of money, which can be seen when interest rates rise rapidly in an economy ... (Read 71 times)

lracut11

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on: Jun 29, 2018
Interest is not the price of money, which can be seen when interest rates rise rapidly in an economy where
 
  A) barter exchange displaces money exchange.
  B) people lose interest in money.
  C) the demand for money increases rapidly.
  D) the supply of money increases rapidly.

Question 2

Suppose Acme County Bank and Trust has 1 million in total deposits and the required reserve ratio is 10. How many dollars is Acme allowed to use to seek profits?
 
  A) 0
  B) 100,000
  C) 900,000
  D) 1 million
  E) 10 million


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Mochi

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

D

Answer to Question 2

C


lracut11

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Reply #2 on: Jun 29, 2018
Thank you


Mochi

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Reply #3 on: Jun 29, 2018
No problemo


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