A part of the Jumpstart Our Business Startups (JOBS) Act:
A) banks were required to provide special financing for start ups
B) differences between qualified and unaccredited investors were removed
C) the SEC is no longer is allowed to regulate funding of business start ups
D) Congress removed some of the restrictions on using crowd-funding to allow small investors to buy equity in start-ups
D
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A bank currently has $50 million in deposits, $6 million in cash in the vault, $4 million on deposit with the Fed, and $5 million in government securities. The reserve ratio is 20 percent. A new deposit is made of $1 million
What is the maximum size loan the bank can make once the check clears? A) $1 million B) $5.8 million C) $800,000 D) 0
Explain why firms' short-run marginal cost curves often initially decreases and then increases
What will be an ideal response?
To maximize profit in the long run, a firm must
a. charge the highest price possible b. produce where demand is unit elastic c. sell the most output possible d. minimize the cost of producing any given amount of output e. produce at minimum long-run total cost
The formula for determining changes in demand deposits is the reciprocal of the required reserve ratio (i.e., 1/RRR) multiplied by the change in reserves
a. True b. False