If NCNB Corp's deposits are $12.5 billion, its excess reserves are $100 million, and the reserve requirement is 10%, its actual reserves are
A. $100 million.
B. $1.15 billion.
C. $1.25 billion.
D. $1.35 billion.
D. $1.35 billion.
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During the 2008 Presidential campaign, candidate Barack Obama proposed
A. re-imposing the 6.2% (old-age) Social Security tax on incomes over $250,000 per year. B. raising the "income cap" for Social Security taxes from $106,800 to $250,000. C. eliminating entirely the Social Security taxes paid by employers. D. reducing by one-half the Social Security tax rates on employers.
The congestion tax implemented in London reduced traffic volume and cut travel time for cars and buses in half
Indicate whether the statement is true or false
If the government increased its purchases of goods and services by $12,000, and this resulted in an eventual increase in GDP and income of $60,000, the MPS would be equal to
A) 0.2. B) 0.4. C) 0.8. D) 2.
Who would benefit if the exchange rate with yen (in U.S. dollars) increased?
a. c and e. b. Japanese tourists. c. U.S. consumers. d. U.S. exporters. e. Japanese exporters.