A bank has checkable deposits of $1,000,000, loans of $600,000, and government securities of $400,000. If the required reserve ratio is 5 percent, the amount of required reserves is
A) $100,000.
B) $30,000.
C) $50,000.
D) $80,000.
E) $20,000.
C
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In the above table, what is marginal product of labor for the 5th worker?
A) 10 B) 14 C) 9 D) 11.2
In the figure above, if income were distributed equally across all households, the richest 20 percent of households would receive ________ of total income
A) 45 percent B) 25 percent C) 20 percent D) 15 percent
The market clearing price of a good is
A) the price at which there is at least some of the good available for everyone. B) the price at which there is no surplus and no shortage. C) the price that consumers prefer. D) the price that producers prefer.
Supplier power tends to be higher when
a. Suppliers are concentrated b. There are high costs to switching between suppliers c. Both A&B d. None of the above