Q1. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the true or complete money multiplier is A) 2.5. B) 1.67. C) 2.0. D) 0.601. Answer: Q2. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the currency ratio is A) 0.25. B) 0.50. C) 0.40. D) 0.05. Answer:

Q3. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the money supply is ________ billion. A) $8000 B) $1200 C) $1200.8 D) $8400 Answer:

Q4. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the monetary base is A) $480 million. B) $480.8 million. C) $80 million. D) $80.8 million. Answer:

QI. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the true or complete money multiplier is A) 2.5 B) 1.67. C) 2.0 D) 0.601 Answer: 02. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total 80.8 million, then the currency ratio is A) 0.25 B) 0.50 C) 0.40. D) 0.05. Answer: Q3. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the money supply is billion. A) S8000 B) $1200 C) $1200.8 D) $8400 Answer: Q4. If the required reserve ratio is 10 percent, currency in circulation is $400 million, checkable deposits are $800 million, and excess reserves total $0.8 million, then the monetary base is A) S480 million. B) $480.8 million. C) $80 million. D) $80.8 million