If the required reserve ratio is 10 percent, and $1 million in new deposits are made at a bank, then which of the following are true?
a. Required reserves are $100,000 and excess reserves are $900,000.
b. Required reserves are $900,000 and excess reserves are $100,000.
c. Required reserves are $10,000,000 and excess reserves are $90,000,000.
d. Required reserves are $1,000,000 and excess reserves are $9,000,000
a
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Refer to Table 9-17. Looking at the table above, real average hourly earnings between 2015 and 2016 changed by
A) 1.2%. B) 4.5%. C) 9.9%. D) 14.5%.
Which of the following is NOT an entity of the Federal Reserve System?
A) Federal Reserve Banks B) the Comptroller of the Currency C) the Board of Governors D) the Federal Open Market Committee
The Leontief paradox found that:
a. exports should always be capital intensive. b. imports should always be labor intensive. c. U.S. exports were labor intensive. d. U.S. exports were capital intensive
When airplanes take off and land at Logan airport, residents of East Boston complain about the noise. The same planes make the same noise during the trip to Boston from Paris, but there are no ____ for most of the trip because ____.
A. free riders; passengers must pay to board the plane B. third parties; there are no externalities C. externalities; there are no third parties D. complaints; airplanes are insulated