Which of the following has proved to be spectacularly false, at least recently?
A)as an expansion proceeds, people will hold no more cash
B)as an expansion proceeds, banks will hold no more excess reserves
C)the oversmplified money multiplier formula is predicated on two critical assumptions
D)All of the above are false.

Question

Which of the following has proved to be spectacularly false, at least recently?
A)​as an expansion proceeds, people will hold no more cash 
B)​as an expansion proceeds, banks will hold no more excess reserves 
C)​the oversmplified money multiplier formula is predicated on two critical assumptions 
D)​All of the above are false.

Quizplus · Accepted Answer

The Answer of Which of the following has proved to be spectacularly false, at least recently?
A)​as an expansion proceeds, people will hold no more cash 
B)​as an expansion proceeds, banks will hold no more excess reserves 
C)​the oversmplified money multiplier formula is predicated on two critical assumptions 
D)​All of the above are false.

Which of the Following Has Proved to Be Spectacularly False