If c the publics desired ratio of currency to

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10. If c , the public’s desired ratio of currency to checkable deposits increases , while f , the banks’ desired rat io of reserves to deposits remains constant , the bank expansion multiplier will a) decrease under fractional reserve banking. b) decrease under 100% reserve banking. c) remain constant under fractional reserve banking. d) increase under 100% reserve banking. e) increase under fractional reserve banking.
11. From 1955 to 2000, the Bank Expansion Multiplier (adjusted for Sweep Accounts) was typically in the range
3 12. One factor that has been used to account for the great increase in the official M1 currency/deposit ratio from 1955 to 1995 is
13. The primary factor that accounts for the even greater increase in the official currency/deposit ratio from 1995 to 2007 is M1
14. From 1955 to 1995, the required reserve ratio f R generally a) was constant b) declined over time c) rose over time d) declined to 1975, and then rose e) rose to 1975, and then declined.
15. Ben Bernanke’s current term as Chairman of the Federal Reserve Board expires or expired
16. If each of the 7 members of the Federal Reserve Board served until his or her term expired, how many members would at present be appointees of President Barack Obama?
17. In fact, how many of the seats on the Federal Reserve Board have either been filled by President Barack Obama or are vacant and therefore could be filled by him immediately?
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