Posted: March 7th, 2017

Describe the differences between commodity money and fiat money, making sure to explain what makes fiat money work.

Describe the differences between commodity money and fiat money, making sure to explain what makes fiat money work.

Define and explain the money multiplier. Identify the change to the money supply in the following situation: The required reserve ratio is 12.5 percent and the Fed increases the monetary base by $100.

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