If the reserve requirement is 0.2 and demand deposits are $800 (assume no earlier loans), the banks can lend out
a. $800
b. $80
c. $640
d. $160
e. $960
C
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Suppose an individual inverse demand curve is given as P = 2 - 1/2 qi, where qi is the quantity demanded by individual i. There are 50 individual consumers with this identical, individual inverse demand curve. Solve for the market demand curve
What will be an ideal response?
Barbara Ehrenreich and Beth Schulman both described jobs in the ________ labor market.
Fill in the blank(s) with the appropriate word(s).
In Figure 1.5, at which of the following points would the opportunity cost of producing more doughnuts be greatest?
A. A. B. C. C. E. D. F.
The graph below represents the supply and demand for labor in a purely competitive market. The price of labor that an individual firm in this market would take as given is:
A. 0a
B. 0c
C. Higher than 0a
D. Higher than 0c