Regional Bank is subject to a 10 percent required-reserve ratio. If this bank received a new checkable deposit of $1,000 . it could make new loans of
a. $100.
b. $900.
c. $1,000.
d. $10,000.
B
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You can buy a season ticket to the Metropolitan Opera for $800. A season ticket plan to see the New York Knicks is $1600. Which of the following is a CORRECT statement?
A) The money price of opera tickets is 1/2 of a Knicks ticket per opera ticket. B) The opportunity cost of a Knicks ticket is 2 opera tickets per Knicks ticket. C) The relative price of an opera ticket is $800. D) the money price of a Knicks ticket is 2 opera tickets per Knicks ticket.
There are several competing models of the business cycle because
A) none currently captures all facets of the business cycle. B) they are all rooted in different philosophical traditions. C) different shocks need different models. D) they depend on the type of policy that is adopted.
What is the present value of $1,000 to be received in two years if the current market interest rate is 8.0%?
a. $481 b. $556 c. $857 d. $926
A college degree makes a person more productive according to
a. both the human-capital and the signaling theories of education. b. the human-capital but not the signaling theory of education. c. the signaling but not the human-capital theory of education. d. neither the human-capital nor the signaling theory of education.