The amount of money a bank can lend a. depends on its gold holdings b. depends o

Question

The amount of money a bank can lend
a. depends on its gold holdings
b. depends on its holdings of government bonds
c. is inversely related to its reserve requirements
d. is unrestricted



If a worker receives a weekly nominal wage of $300 and the CPI is 125, the real wage is approximately
a. $210
b. $240
c. $200
d. $300



A decrease in reserve requirements immediately increases the money supply.
True
False


The Treasury issues all paper currency today.
True
False



Nominal wages can be converted into real wages by
a. multiplying the nominal wages by the CPI
b. adding the CPI to the nominal wages
c. subtracting the CPI from the nominal wages
d. dividing the nominal wages by the CPI

Explanation / Answer

b d t t d

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