Author Question: Assuming the required reserve ratio is 20 percent and total reserves are set at 20 billion, then the ... (Read 96 times)

imanialler · **on:** Jun 30, 2018

Assuming the required reserve ratio is 20 percent and total reserves are set at 20 billion, then the maximum amount of deposits would be

a. 100 billion.
b. 40 billion.
b. 4 billion.
d. 60 billion.
e. 120 billion.

Question 2

Sustained economic growth in the U.S. has been primarily a product of which of the following factors?

(a) War and exploitation of natural resources
(b) Capital accumulation, increases in capital and labor productivity,
and technological advancements
(c) Restricted trade
(d) Government policies and market interventions