Suppose a bank has $300,000 in deposits and a required reserve ratio of 15 percent. Then required reserves are
A. $45,000.
B. $300,000.
C. $255,000.
D. $4,500.
Answer: A
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All transaction deposits are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) savings balances only.
Intermediation in the financial system is the process of:
A. bringing together buyers and sellers in a market. B. negotiating terms of repayment when agreements between buyers and sellers are in default. C. government intervention in a financial market. D. an arbitrator working with government and private firms to create an efficient financial system.
f hot dogs are an inferior good, an increase in income will result in
What will be an ideal response?
You are the manager of a monopoly that faces a demand curve described by P = 63 ? 5Q. Your costs are C = 10 + 3Q. The revenue-maximizing output is:
A. 10/63. B. 6.3. C. 5. D. None of the answers is correct.