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Author Question: Money is a more efficient store of value than wheat, especially when there is not rapid inflation. ... (Read 80 times)

olgavictoria

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  • Posts: 528
on: Jun 30, 2018
Money is a more efficient store of value than wheat, especially when there is not rapid inflation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose Fed's purchase of government bonds results in a 120,000 increase in the excess reserves of a particular bank. What would be the applicable reserve requirement for the whole banking system to be able to expand the money supply by 600,000?
 a. 10 percent
  b. 12 percent
  c. 16 percent
  d. 20 percent
  e. 25 percent


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dantucker

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

True

Answer to Question 2

d


olgavictoria

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

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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