8) If the reserve requirement on banks is 10 percent, then the money multiplier for the economy is:
A) 15
B) 20
C) 1
D) 10
9) Assume that individuals hold no cash and banks hold no
A) $1000
B) $10
C) $500
D) $100
10) Which of the following institutions insures the deposits in commercial banks, savings banks, and savings and loans institutions?
A) National Credit Union Insurance Company
B) Federal Reserve
C) US Treasury
D) Federal Deposit Insurance Corporation
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