Question

Which of the following is not a correct statement?
1. A bank can expand its loans
2. Individuals acept dollars because
3. The M1 money supply includes
4. The bulk of the M1 money supply is made up of
5. According to most monetarist, the primary goal of monetary policy should be to
7. The first National bank of Oklahoma has checkable deposits of $10,000,000 and total reserve of $ 12,500,000, the reserve ratio is 15 percent. What is the required level of reserves for the bank?
8. If the money supply expands, according to monetarists what is the most likely response by households?

Answer 1

Individuals acept Dollars because