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Author Question: A bank receives a demand deposit of 5,000 . The bank loans out 3,500 of this deposit and increases ... (Read 93 times)

Yi-Chen

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on: Jun 30, 2018
A bank receives a demand deposit of 5,000 . The bank loans out 3,500 of this deposit and increases its excess reserves by 500 . What is the required reserve ratio?
 a. 10
  b. 20
  c. 40
  d. 60

Question 2

Who is the leading proponent of the monetarist theory?
 a. John Maynard Keynes
  b. Paul Volcker
  c. Adam Smith
  d. Milton Friedman
  e. Alan Greenspan


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aruss1303

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Yi-Chen

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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