Which One of the Following Statement Is True

question 68

Multiple Choice

Which one of the following statement is true?

• A)The money supply created in a multiple expansion of loans and deposits are less than the monetary base.
• B)The money supply created in a multiple expansion of loans and deposits are much larger than the monetary base.
• C)The money supply created in a multiple expansion of loans and deposits are equal to the monetary base.
• D)The money supply created in a multiple expansion of loans and deposits are equal to the total currency.

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled observation.

Physical Mechanisms

Processes or functions within a physical system that bring about a particular outcome or effect.

Empirical Reasoning

That process of thinking that proceeds from premises describing interpersonally verifiable experiences in order to support or to disconfirm hypotheses, which, in turn, are intended to explain and predict phenomena. Empirical reasoning is fundamentally inductive, self-corrective, and open to scrutiny and independent verification by the entire scientific community.

Instruments

Tools or devices designed for a specific purpose, especially used for scientific work, measurements, or music.