Econ 2113 Brcc Final Study Guide Questions And Correct Answers

Quantity of money demanded refers to {Ans: the portion of assets held as money.}The Federal Reserve Bank could increase the money supply by doing all of the following except {Ans: decreasing taxes.}An increase in the supply of money would cause {Ans: aggregate demand to increase.}Human capital refers to the {Ans: skill and knowledge of human beings.}Required reserve ratios are the minimum amount of {Ans: reserves any one bank must hold as a percentage of its deposits.}The required reserve ratio is 10 percent and Beth deposits $1,000 in her checking account. The bank must {Ans: increase required reserves by $100.}