Author Question: When Zane deposits 20,000 cash in his checkable deposit at the Citicorp and the Citicorp's desired ... (Read 28 times)

ahriuashd · **on:** Jun 29, 2018

When Zane deposits 20,000 cash in his checkable deposit at the Citicorp and the Citicorp's desired reserves increase by 5,000, the desired reserve ratio is

A) 25 percent. B) 75 percent. C) 5 percent. D) 20 percent. E) 5,000.

Question 2

If the exchange rate changes from 1.10 euros per dollar to 1.00 euro per dollar, the dollar has

A) depreciated against the euro.
B) appreciated against the euro.
C) fallen inversely in value.
D) appreciated against the dollar.
E) depreciated against the dollar.