Most less-developed countries have sufficient infrastructure in ...

[roselinechinyere27m]

Most less-developed countries have sufficient infrastructure in place to become a developed country.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the required reserve ratio is changed,
 a. the money multiplier is changed but the amount of excess reserves in the banking system is unchanged.
  b. the money multiplier is unchanged but the amount of excess reserves in the banking system is changed.
  c. the size of the money multiplier and the amount of excess reserves change in the opposite direction from the required reserve ratio.
  d. the size of the money multiplier and the amount of excess reserves change in the same direction as the required reserve ratio.
  e. neither the money multiplier nor the amount of excess reserves change.

[gstein359]

Answer to Question 1

False

Answer to Question 2

c

[roselinechinyere27m]

Thanks for the timely response, appreciate it

[covalentbond]

Wow, this really help