In December 1999 People Feared That There Might Be Computer

question 87

Multiple Choice

In December 1999 people feared that there might be computer problems at banks as the century changed.Consequently,people wanted to hold relatively more in currency and relatively less in deposits.In anticipation banks raised their reserve ratios to have enough cash on hand to meet depositors' demands.These actions by the public

• A)would increase the multiplier.If the Fed wanted to offset the effect of this on the size of the money supply,it could have sold bonds.
• B)would increase the multiplier.If the Fed wanted to offset the effect of this on the size of the money supply,it could have bought bonds.
• C)would reduce the multiplier.If the Fed wanted to offset the effect of this on the size of the money supply,it could have sold bonds.
• D)would reduce the multiplier.If the Fed wanted to offset the effect of this on the size of the money supply,it could have bought bonds.

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Definitions:

Canadian Culture

The unique blend of indigenous, French, British, and immigrant influences that shape the values, customs, and traditions of Canada and its people.

Theoretical Perspectives

Frameworks or models used to understand and analyze phenomena in social sciences, offering different explanations and interpretations.

Major Theoretical

Pertaining to the primary or fundamental theories that guide thinking and research in a particular discipline.

Cultural Universals

Patterns or traits that are globally common to all societies, such as family, religion, and art.