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asjstr asjstr
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5 years ago

Question 1.

When a bank has no excess reserves, and thus can make no more loans, it is said to be



▸ bankrupt.

▸ ripe for a takeover.

▸ in receivership.

▸ loaned up.

Question 2.

Suppose the required reserve ratio is 20%. A $40 million cash deposit will, at most, allow an expansion of the money supply to



▸ $20 million.

▸ $80 million.

▸ $200 million.

▸ $800 million.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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gturgtur
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asjstr Author
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#2
5 years ago
Thanks
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