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Loraine Loraine
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Posts: 4563
8 years ago
As a result of the Fed's actions during the 2008 financial crisis and banks' lending policies, the money multiplier ________ as a direct result of the ________.
A) fell from about 9 to about 4; surge in banks' desired reserve ratios as they took on less risk
B) rose from about 4 to about 9; surge in banks' desired reserve ratios as they took on less risk
C) fell from about 9 to about 4; low risk experienced by banks because of the FDIC increasing their default coverage amounts
D) rose drastically; consistent decrease in banks' desired reserve ratios as they took on less risk
E) decreased drastically; consistent decrease in banks' desired reserve ratios as they took on less risk
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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8 years ago
Thanks
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this is exactly what I needed
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This helped my grade so much Perfect
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