If required reserves are $150 and deposits are $1000, what is the required reserve ratio?
A) 10 percent
B) 15 percent
C) 5 percent
D) 85 percent
B
You might also like to view...
In terms of Social Security taxes, the self-employed pay
A. only the employee portion. B. both the employee and employer portions. C. only the employer portion. D. no tax.
Which of the following is not an abstraction of macroeconomics?
A. Inflation rate B. Total costs C. Unemployment D. Aggregate supply
One way the government can introduce competition into a monopoly industry is to:
A. break up the company along different stages of the production process. B. split it vertically. C. split it horizontally. D. All of these statements are true.
The U.S. inflation adjusted poverty threshold in 2014 was set at $35,000 per year for a family of four.
Answer the following statement true (T) or false (F)