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Author Question: Assume a simplified banking system subject to a 10 percent required reserve ratio. If there is an ... (Read 94 times)

clippers!

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on: Jun 30, 2018
Assume a simplified banking system subject to a 10 percent required reserve ratio. If there is an initial increase in excess reserves of 90,000 and all possible loans are made, the money supply:
 a. increases 90,000.
  b. increases 900,000.
  c. increases 990,000.
  d. decreases 90,000.

Question 2

How much of the U.S. federal budget is spent on foreign aid?
 a. About 1 percent. b. About 5 percent.
  c. About 25 percent. d. About 50 percent.


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trog

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

b

Answer to Question 2

a


clippers!

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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