Best National 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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All of the following are generally true about trade-displaced workers EXCEPT that they ________.
A) move abroad to take new jobs B) earn less in their new jobs than they earned in their old ones C) spend their unemployment benefits on living rather than retraining D) have difficulty finding new work because of educational deficiencies
Which is not a determinant of the price elasticity of demand for most products?
A. The proportion of most consumers' budget spent on the product B. The slope of the demand curve for a product C. The amount of time consumers have to adjust their purchases of a product to a change in its price D. The number of good substitutes available for the product
Figure 9.6 represents the market for health insurance. Suppose there are two types of consumers, low-cost consumers with $2,000 average medical expenses per year, and high-cost customers with $4,000 average medical expenses per year. The insurance companies estimate that 40% of its customers are high-cost type. If the insurance companies set the price equal to their average cost per customer, what type of customers will dominate the market?
A. low-cost customers B. high-cost customers C. Both types equally split the market. D. There is not sufficient information.
There is:
A) a strong positive correlation between per capita GDP and infant survival. B) a weak positive correlation between per capita GDP and infant survival. C) no correlation between per capital GDP and infant survival. D) a weak negative correlation between per capita GDP and infant survival.