If a bank had $200 million in demand deposits and faced a 40 percent reserve requirement, it would be required to hold ____ as reserves and could have a total amount of loans issued up to ____
a. $120 million; $80 million
b. $80 million; $120 million
c. $200 million; $500 million
d. $500 million; $200 million
b
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To be accepted as money, an item must perform all of the following functions EXCEPT
A) be a medium of exchange. B) serve as a store of value. C) be easily reproduced. D) serve as a standard of deferred payment.
The study of microeconomics and macroeconomics differ in that:
a. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy. b. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy. c. microeconomics studies the actions of households and macroeconomics studies the actions of business firms. d. microeconomics examines the whole economy while macroeconomics studies the individual units of the economy.
In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men
a. True b. False Indicate whether the statement is true or false
The change in disposable income is $200 and the change in saving is $50.What is the marginal propensity to consume (MPC)?
A) 0.25 B) 0.50 C) 0.66 D) 0.75 E) There is not enough information to answer the question.