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THE PEOPLE IN AN ECONOMY HAVE $10 MILLION IN MONEY. THERE IS ONLY ONE BANK THAT ALL THE PEOPLE DEPOSIT THEIR MONEY IN AND IT

  1. THE PEOPLE IN AN ECONOMY HAVE $10 MILLION IN MONEY. THERE IS ONLY ONE BANK THAT ALL THE PEOPLE DEPOSIT THEIR MONEY IN AND IT HOLDS 10% OF THE DEPOSITS AS RESERVES. WHAT IS THE MONEY MULTIPLIER IN THIS ECONOMY ?
  2. WICH OF THE FOLLOWING WOULD FUNCTION AS A STORE OF VALUE, AND ALSO PROVIDE A MEDIUM OF EXCHANGE, AND UNIT OF ACCOUNT ?

A. GYM MEMBERSHIP

B. AN IPOD

C. AN ESTATE

D. A NEW CAR

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