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Author Question: Output produced and sold always generates profits for businesses. Indicate whether the statement ... (Read 24 times)

captainjonesify

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on: Jun 30, 2018
Output produced and sold always generates profits for businesses.
 
  Indicate whether the statement is true or false

Question 2

If commercial banks hold checkable deposits of 100,000, reserves of 30,000, and the required reserve ratio is 20 percent, what is the maximum additional amount by which the banking system can expand the money supply?
 
  a. 20,000
  b. 30,000
  c. 50,000
  d. 60,000
  e. -50,000


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kmb352

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

False

Answer to Question 2

C


captainjonesify

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  • Posts: 543
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

matt95

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

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