Which of the following statements is/are correct about money supply?
a. An increase in the bank’s demand deposit will result in a decrease in the required
cash reserves.
b. The quantity of money supplied in the economy is a flow concept.
c. A decrease in the required reserve ratio will cause an increase in the credit multiplier
1
Expert's answer
2019-09-09T10:34:10-0400
A decrease in the required reserve ratio will cause an increase in the credit multiplier is a correct statement, so the correct answer is C.
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