The Ponderosa Bank receives a new deposit of $2,500 . The reserves requirement is 20 percent. How much can this bank loan out as a result of this deposit?
a. $25,000
b. $12,500
c. $3,125
d. $2,000
e. $500
d
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When countries specialize in what they do efficiently and trade, the material wealth of nations
A) expands. B) contracts C) remains the same. D) Need more information to answer this question.
The presence of ________ creates a difference in the value between the market price and the factor cost of a product
A) indirect taxes and consumption B) subsidies and direct taxes C) corporate profits and subsidies D) indirect taxes and subsidies
The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from $4.00 to $3.50, then total revenue would ________ because demand is ________
A) decrease; elastic B) increase; elastic C) decrease; inelastic D) increase; inelastic
Which of the following was a key factor which pushed the nation close to civil war?
(a) The Missouri Compromise of 1820 (b) Dred Scott v. Sanford Supreme Court Case (c) The Tariff of Abominations of 1828 (d) The Supreme Court practice of "judicial instrumentalism," which the South believed undermined the Constitution