If Bank A holds $200 in reserves, deposits are $1000, and the desired reserve ratio is 15 percent, how much are excess reserves?
A) zero, because banks never hold excess reserves
B) $200
C) $50
D) $150
C
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A flawed argument for protection from foreign trade is that
i. tariffs save domestic jobs. ii. tariffs protect the national culture. iii. quotas bring about diversity and stability. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
A university must decide if it should stop offering foreign language classes. This decision involves answering the economic question of "how to produce."
Indicate whether the statement is true or false
The Latin expression ceteris paribus means
a. everything else being equal b. economic model c. partially correct d. certainty e. certain particulars
According to the loanable funds framework, if businesses see new opportunities to expand capacity by building new factories, the likely effect will be that:
What will be an ideal response?