In the 19th Century,when Crop Failures Often Led to Bank

question 7

Multiple Choice

In the 19th century,when crop failures often led to bank runs,banks would make relatively fewer loans and hold relatively more excess reserves.By itself,these actions by the banks should have

• A)increased the money multiplier and the money supply.
• B)decreased the money multiplier and increased the money supply.
• C)increased the money multiplier and decreased the money supply.
• D)decreased both the money multiplier and the money supply.

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Definitions:

Radial Cleavage

A pattern of animal embryonic development in which the divisions of the egg are symmetrical around the polar axis, typical of deuterostomes.

Vertebral Column

The spine, the rigid, bony structure in the midline of the back; composed of vertebrae.

Hemoglobin

A protein in red blood cells responsible for carrying oxygen from the lungs to the rest of the body.

Live Birth

The process of giving birth to young that have developed inside the body, as opposed to laying eggs.