Suppose a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2 . If the bank wishes to hold no excess reserves, its actual reserves will be:
a. $4,000
b. $1,200.
c. $3,000.
d. less than $1,000.
e. $4,800.
b
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The interest rate at which international banks loan to each other is called
A) LIBOR B) federal funds rate C) prime rate D) international bank lending rate
The t-test is a statistical measure which
A) tests the true value of a variable. B) tests the statistical significance of a regression coefficient. C) tests the statistical significance of a regression equation. D) None of the above
Cassie produces and sells 400 jars of homemade jelly each month for $3 each. Each month, she pays $200 for jars, $150 for ingredients, and uses her own time, with an opportunity cost of $300 . Her economic profits each month are:
a. $550. b. $700. c. $850. d. $900.
The Federal Open Market Committee or FOMC sets the direction of ________
Fill in the blank(s) with correct word