Multiple Choice
In 1932, the U.S. government imposed a two-cent tax on checks written on deposits in bank accounts. This action would be expected to ______ the currency-deposit ratio and ______ the money supply.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Credit card balances are included in:<br>A) M1
Q67: The more funds that the Federal Reserve
Q68: People use money as a medium of
Q69: The monetary base consists of:<br>A) currency held
Q70: Checking account balances that are linked to
Q72: If the Federal Reserve increases the interest
Q73: If many banks fail, this is likely
Q74: The preferences of households determine the:<br>A) reserve-deposit
Q75: The use of borrowed funds to supplement
Q76: The most frequently used tool of monetary