If required reserves are $50 and deposits are $1000, what is the required reserve ratio?
What will be an ideal response?
5 percent
Economics
You might also like to view...
In 2008 ___________ had the highest annual expenditures on public and private schools per student.
A. Spain B. France C. United States D. Japan
Economics
As inflation drives up prices, people attempt to find substitutes and adjust what they buy. The resulting substitution bias problem causes the CPI to
What will be an ideal response?
Economics
In the market for labor:
A. individuals make up the demand. B. firms create the supply. C. individuals are never paid above their productivity. D. the price in the market is the wage.
Economics
The amount of revenue the government collects after imposing the tariff is ________.
A. $40,000 B. $10,000 C. $1,000 D. $4,000
Economics