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Author Question: If currency outstanding equals 200 million, checkable deposits equal 1 billion, reserves equal 150 ... (Read 58 times)

NguyenJ

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on: Jun 30, 2018
If currency outstanding equals 200 million, checkable deposits equal 1 billion, reserves equal 150 million, and the required reserve ratio is 0.10, the money multiplier equals
 
  A) 0.86.
  B) 3.14.
  C) 3.43.
  D) 4.

Question 2

With its goal of price stability, the Fed attempts to
 
  A) keep the inflation rate from falling below 5 and rising above 10.
  B) maintain an inflation rate of zero.
  C) achieve a low, stable inflation rate.
  D) counteract periods of inflation with periods of deflation.


Briannahope

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

C

Answer to Question 2

C


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