Top Posters
Since Sunday
e
5
e
4
4
d
4
R
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Scribs Scribs
wrote...
Go to Answer
Posts: 1074
Rep: 0 0
6 years ago
If the amount of high-powered money were 100 and the bank reserve holding ratio was 0.25 then the maximum stock of money would be (assume that citizens prefer to keep 10% of their money)
A) 100/0.25 which is 400.
B) (100)(1.35) which is 540 0.25.
C) (100)(1.1) which is approximately 314 0.35.
D) (100)(1.35) which is approximately 386 0.35.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 41 times
1 Reply
Replies
Answer verified by a subject expert
thecromthecrom
wrote...
#1
Top Poster
Posts: 1026
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Scribs Author
wrote...

6 years ago
Correct Slight Smile TY
asd454512
wrote...

Yesterday
Thanks
avance37
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  973 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 228
  
 820
  
 270
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: Who's your favorite biologist?