1.If the U.S. were a cashless economy (there was no currency) and if banks held no excess reserves, the money multiplier

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answerhappygod
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1.If the U.S. were a cashless economy (there was no currency) and if banks held no excess reserves, the money multiplier

Post by answerhappygod »

1.If the U.S. were a cashless economy (there was no currency)
and if banks held no excess reserves, the money multiplier would
equal a. 0 b. 1 c. 1/reserve requirement d. 1/leverage ratio

2.
Compared to the Federal Reserve, the European Central Bank is
more
transparent
independent
All of the above
None of the above
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