For 2009, U

question 11

Multiple Choice

For 2009, U.S. B2B revenue was estimated to be approximately ______.

• A) $292 billion
• B) $680 billion
• C) $29 trillion
• D) $3.8 trillion

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Definitions:

Deposit Multiplier

The ratio of the amount of deposits created by banks to the amount of new reserves.

Reserve Ratio

The fraction of depositors' balances banks must have on hand as cash, a regulatory requirement designed to ensure banks' liquidity and stability.

Inflation

The pace at which prices for goods and services broadly ascend, causing the value of money to decrease.

Federal Reserve System

The central banking system of the United States, responsible for regulating the national money supply and ensuring financial stability.