Suppose you found 1,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 20 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves.
a. 800; 4,000
b. 800; 5,000
c. 1,000; 4,000
d. 1,000; 5,000
Question 2
The introduction of a new currency is generally sufficient to achieve a permanent reduction in the inflation rate.
a. True
b. False
Indicate whether the statement is true or false
The composition of DNA sequences that are found in the nuclear genome of humans
Permafrost is found in much of Northern Canada
Amino sugars are found in many polysaccharides
The demand for energy is met by burning coal and other fossil fuels
Shallow Hal Soundtrack 07 Baby, Now That I've Found You - The Foundations
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...