Author Question: Based on the above table, the reserve ratio for the banking system is A) 1 percent. B) 15 ... (Read 75 times)

ereecah · **on:** Jun 30, 2018

Based on the above table, the reserve ratio for the banking system is

A) 1 percent. B) 15 percent. C) 20 percent. D) 10 percent.

Question 2

If a country wants to keep the domestic currency undervalued against a foreign currency:

A) it will buy both the foreign and domestic currency.
B) it will sell both the foreign and domestic currency.
C) it will buy the domestic currency and sell the foreign currency.
D) it will buy the foreign currency and sell the domestic currency.