Suppose R Is the Desired Reserve-Deposit Ratio (R/D)and the Money

question 39

Multiple Choice

Suppose r is the desired reserve-deposit ratio (R/D) and the money supply (M) consists of currency (C) and bank deposits (D) .Then,the money supply (M) will equal

• A) C + R/r.
• B) D + R/r.
• C) R + C/r.
• D) C - R/r.
• E) C x R/r.

Understand the concept of double taxation particularly relating to savings and investments.

Identify taxes that are based on principles of equity and efficiency in economic contexts.

Understand how changes in asset values impact both economic and taxable income.

Comprehend the difficulties in applying the benefits-received principle in creating tax policies.

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