PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ - Brown



If the required reserve ration is 20%, the simple deposit multiplier is _______

A. 2

B. 5

C. 10

D. 20

B. 5



1/.2 = 5

Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately increase by:

A. $2,000

B. $8,000

C. $ 10,000

D. $50,000

C. $10,000



This is how much money she puts i...
LIRR Book of Rules Practice Exam Latest Updates Questions and Answers Correct
LIRR Book of Rules Practice Exam Latest Updates Questions and Answers Correct