Because the banking system operates using fractional reserves, ...

[go.lag]

Because the banking system operates using fractional reserves,
 a. the money multiplier is greater than one.
  b. excess reserves are equal to zero.
  c. required reserves are equal to 100 percent.
  d. banks can loan out only their required reserves.
  e. the money multiplier must be equal to zero.

Question 2

Total GDP is the best way to identify a less-developed country
 a. True
  b. False
  Indicate whether the statement is true or false

[frre432]

Answer to Question 1

a

Answer to Question 2

False

[go.lag]

YES! Correct, THANKS for helping me on my review

[lcapri7]

Thanks for the timely response, appreciate it