If the Required Reserve Ratio Is 10 Percent,currency in Circulation

question 159

Multiple Choice

If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $800 billion,and excess reserves total $0.8 billion,then the M1 money multiplier is

• A)2.5.
• B)1.67.
• C)2.0.
• D)0.601.

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Definitions:

Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Maslow

Refers to Abraham Maslow, an American psychologist who developed the hierarchy of needs theory, emphasizing the importance of self-actualization.

Personal Potential

The capacity for an individual to develop and achieve personal growth and improvement over time.

Metapathology

A thwarting of self-development related to failure to satisfy the metaneeds.