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Author Question: If the desired reserve ratio is 10 percent and there is no currency drain, then a 100 increase in ... (Read 102 times)

itsmyluck

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on: Jun 29, 2018
If the desired reserve ratio is 10 percent and there is no currency drain, then a 100 increase in the monetary base leads the banking system to increase the quantity of money by
 
  A) 1,000.
  B) 400.
  C) 900.
  D) 110.
  E) 1,100.

Question 2

Willingness to pay:
 
  A) is the lowest price that a buyer is willing and able to pay for a unit of good.
  B) is the highest price that a buyer is willing and able to pay for a unit of good.
  C) is equal to the price of the lowest-priced goods in a consumption bundle.
  D) is equal to the price of the highest-priced goods in a consumption bundle.


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Liddy

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

A

Answer to Question 2

B


itsmyluck

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Reply 2 on: Jun 29, 2018
Gracias!

ebonylittles

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Reply 3 on: Yesterday
:D TYSM

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