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Introduction to Macroeconomics
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Suppose the public decides to hold more currency and fewer deposits in banks. Which statement describes the effects of this decision?
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Suppose a bank has a 10 percent reserve ratio, $2000 in deposits, and it loans out all it can, given the reserve ratio. Which of the following describes the bank's assets?
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Madison puts money under her mattress so she can spend it later. Which function of money does this illustrate?
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If the reserve ratio is 12.5 percent, how much new money can $1000 of excess reserves create?
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If the reserve ratio decreased from 10 percent to 5 percent, which of the following would happen to the money multiplier?
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If a central bank wanted to increase the money supply, what would it most likely do?
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How do deposits and reserves appear on a bank's T-account?
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During recessions, banks typically choose to hold more excess reserves relative to their deposits. Which statement best describes the effects of the increase in reserves?
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A central bank raised the reserve requirement ratio from 5 percent to 8 percent. Other things the same, how does the money multiplier change?
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Figure 9-2
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