If the money multiplier decreased from 20 to 12.5, then
a. the fed increased the reserv...
If the money multiplier decreased from 20 to 12.5, then
a. the fed increased the reserve ratio from 5 percent to 8 percent.
b. the fed increased the fed funds rate from 5 percent to 8 percent.
c. the fed decreased the reserve ratio from 8 percent to 5 percent.
d. the fed decreased the fed funds rate from 8 percent to 5 percent.
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Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700
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