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

question 13

Multiple Choice

If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $1,000 billion,and excess reserves total $1 billion,then the money supply is ________ billion.

• A)$10,000
• B)$4,000
• C)$1,400
• D)$10,400

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Definitions:

D-Allose

An aldohexose sugar, similar to glucose but with a different arrangement of hydroxyl groups, that is a rare naturally occurring monosaccharide.

Methyl β-D-Glucopyranoside

A methyl ether derivative of glucose where the hydroxy group at the anomeric carbon is replaced with a methyl group, forming a β-configuration.

Acetic Anhydride

A chemical compound with the formula (CH3CO)2O, used as a reagent in organic synthesis for the acetylation of alcohols or amines.

Time-series Data

Data points collected or recorded at successive times, often with equal intervals between them.