Macroeconomics

Under the bimetallic system, when did the U.S. experience a depletion

Under the bimetallic system, when did the U.S. experience a depletion in its reserve species? (a) When imports exceeded exports (b) When exports exceeded imports (c) When the U.S. closed its borders to all international trade (d) When the trading partners of the U.S. refused all U.S. imports   ANSWER (a)

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Date: September 10th, 2020

Prior to the establishment of the Federal Reserve System (1913), reser

Prior to the establishment of the Federal Reserve System (1913), reserve requirements (a) limited the banks’ ability to lend. (b) did not restrict the amount of paper-money issued by banks. (c) freed banks to create as much money as the market could bear without regard for risk and withdrawal rates. (d) forced banks to place […]

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Date: September 10th, 2020