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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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6 years ago
If people never withdrew money, how much money could the banking system create given a new amount of deposits, assuming that excess reserves were zero?
A) the amount of new deposits multiplied by the money multiplier
B) as much as the new deposits
C) the amount of new deposits multiplied by the reserve ratio
D) zero
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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#1
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6 years ago
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sinerus Author
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6 years ago
Good timing, thanks!
2ne1_12345
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Yesterday
Correct Slight Smile TY
hpascoe
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2 hours ago
Smart ... Thanks!
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