Question
1. Banks in an unregulated system usually maintain a reserve ratio above zero. Group of answer choices True False 2. Suppose a new source of
1. "Banks in an unregulated system usually maintain a reserve ratio above zero."
Group of answer choices
True
False
2. Suppose a new source of gold is discovered. This would likely cause ___.
Group of answer choices
inflationary pressures
no change in prices
deflationary pressures
3. As individuals deposit more specie into banks, the money supply ___.
Group of answer choices
expands
contracts
remains unchanged
4. The mid-19th century tariffs likely harmed which of the following, on net? Select all that apply.
Group of answer choices
Urban consumers
Factory owners
Midwestern farmers
Southern planters
5. "Indentured servitude was, in effect, a loan."
Group of answer choices
True
False
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