The formula that links checkable deposits to the money supply is
A) M = (1+c)/D
B) M = 1/(1+c) × D.
C) D = 1/(1+c) × M.
D) D = (1 + c) × M.
Answer: C
The formula that links checkable deposits to the money supply is
A) M = (1+c)/D
B) M = 1/(1+c) × D.
C) D = 1/(1+c) × M.
D) D = (1 + c) × M.
Answer: C