A Higher Bank Reserve Ratio Results in an Increase in the Money

question 222

True/False

A higher bank reserve ratio results in an increase in the money supply.

---

Definitions:

International Trade Deficit

A situation that occurs when a country imports more goods and services than it exports, leading to a negative balance of trade.

Trade Surplus

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Services

Intangible products or activities provided by one party to another, often involving a time-based performance to meet needs or bring benefits to recipients.

Canadian Dollar

The currency of Canada, represented by the symbol CAD or simply $ within Canada.