If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be:

a. a $75 increase in required reserves and a $425 increase in excess reserves.
b. a $425 increase in required reserves and a $75 increase in excess reserves.
c. a $75 increase in required reserves and a $3,333 increase in excess reserves.
d. a $3,333 increase in required reserves and a $425 increase in excess reserves.


a

Economics

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The following diagram shows a consumer's demand schedule for a good. At a price of $2, consumer surplus is:

a. ?$200. b. ?$5. c. ?$80. d. ?$10. e. ?$4.

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The merit standard refers to

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Fill in the blank(s) with the appropriate word(s).

Economics