If the Required Reserve Ratio Is 15 Percent,there Is No

question 256

Multiple Choice

If the required reserve ratio is 15 percent,there is no currency drain,and banks loan all of their excess reserves,an increase in the monetary base of $20,000 leads to a total increase in the quantity of money of

• A)$3,000.
• B)$20,000.
• C)$133,333.
• D)$200,000.
• E)$300,000.

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Definitions:

Unity

Refers to the state of being one or unified, often used in various contexts such as philosophical discussions of being, art, and literature to denote a harmonious whole.

Reality

The sum or aggregate of all that is real or existent, as opposed to that which is merely imaginary.

Kant

A German philosopher known for his critical method in epistemology, ethics, and aesthetics, emphasizing duty and the categorical imperative.

Act

In philosophy, an act refers to any action or deed performed by an agent, emphasizing the intentionality or voluntariness of the action.