Refer to the information provided in Table 25.1 below to answer the question(s) that follow.Table 25.1
Refer to Table 25.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its loans equal
A. $1,800.
B. $1,000.
C. $900.
D. $600.
Answer: B
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Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ________, and Chris's saving rate is ________.
A. $200; 20.0% B. $300; 20.0% C. $200; 13.3% D. $500; 33.3%
If the price elasticity of demand (Ep) equals one in the short run, then, other things being equal, in the long run Ep will be
A) one. B) less than one. C) greater than one. D) indeterminate without more information.
Compare changes in the price level for a recession resulting from a shift in aggregate demand to that of a recession resulting from a shift in short run aggregate supply
Cities and towns mainly rely for revenue on
A. property taxes. B. income taxes. C. excise taxes. D. payroll taxes.