Author Question: Assume the Federal Reserve increases the required reserve ratio from 10 to 20 percent and reserves ... (Read 82 times)

NClaborn · **on:** Jun 30, 2018

Assume the Federal Reserve increases the required reserve ratio from 10 to 20 percent and reserves are 80 billion. Then the change in the money supply will be

a. 80 billion.
b. 20 billion.
c. 400 billion.
d. 800 billion.
e. none of the above

Question 2

The Webb-Pomerene Act of 1918 prohibits price fixing and other anticompetitive agreements that pertain solely to goods for export.

Indicate whether the statement is true or false