This topic contains a solution. Click here to go to the answer

Author Question: If the reserve ratio is designated by r, the amount of deposits a bank can hold as excess reserves ... (Read 97 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
If the reserve ratio is designated by r, the amount of deposits a bank can hold as excess reserves is equal to 1 / (1 - r).
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is true?
 
  A) An overvalued domestic currency encourages exports.
  B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last.
  C) A country can keep its currency overvalued against the dollar as long as it can print its own currency.
  D) An undervalued domestic currency encourages imports.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

FALSE

Answer to Question 2

B




mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 30, 2018
Excellent


ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library