Multiple Choice
In the money and credit expansion process,the total change in checkable deposits is equal to the initial change in excess reserves _____.
A) multiplied by the required reserve ratio
B) plus the change in required reserves
C) divided by the reciprocal of the required reserve ratio
D) multiplied by the reciprocal of the required reserve ratio
E) divided by the change in required reserves
Correct Answer:
Verified
Correct Answer:
Verified
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