Multiple Choice
If reserves increase by $8 billion,what is the difference in the resulting change in checkable deposits when the required reserve ratio is 12.5 percent compared to when it is 10 percent?
A) $12.5 billion
B) $16 billion
C) $2.5 billion
D) $80 billion
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q96: The _ rate is the interest rate
Q97: A commercial bank can receive a loan
Q98: In the United States,paper currency is printed
Q99: The lower the discount rate relative to
Q100: Refer to Exhibit 13-2.What word (up or
Q102: Suppose that the Fed undertakes an open
Q103: Explain the major differences between the Federal
Q104: The president of the Federal Reserve Bank
Q105: The members of the Board of Governors
Q106: When the Fed purchases securities from a