The Amount by Which the Money Supply Expands with Each

question 242

Multiple Choice

The amount by which the money supply expands with each additional dollar in reserves is the:

• A) reserve ratio.
• B) discount rate.
• C) fractional reserve.
• D) money multiplier.

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Definitions:

Propertied Elites

Individuals or groups who own significant amounts of property or wealth and often have considerable influence or power in society.

Second Great Awakening

A Protestant religious revival during the early 19th century in the United States, which led to the formation of new denominations and a strong sense of social reform.

Denominational Institutions

Denominational institutions refer to organizations, including schools and hospitals, affiliated with a religious denomination.

Ann Lee

The founder and leader of the Shakers, a religious movement known for its celibate and communal lifestyle, pacifism, and simple living. Ann Lee emigrated from England to New York in 1774.