Author Question: Output produced and sold always generates profits for businesses. Indicate whether the statement ... (Read 88 times)

captainjonesify · **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