If the required reserve ratio is 20 percent and a customer deposited $5,000 in the bank, how much is available to the bank for lending?
(A) $3,500
(B) $5,000
(C) $4,000
(D) $1,000
Ans: (C) $4,000
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For the use of their capital in production, owners receive
a. wages. b. rent. c. interest. d. profit.
The fact that U.S. managers' salaries are substantially higher than the salaries of comparable managers in Japan may be related to the fact that:
A. there are no government controls on CEOs' earnings in the United States. B. the demand for CEOs has decreased. C. the supply of CEOs has decreased. D. there are more natural monopolies in the United States.
Referring to Figure 18.2, the dollar is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar.
A. 10; 11 B. 11; 12 C. 12; 13 D. 13; 14
Private placements avoid
A) restrictive agreements. B) SEC registration costs. C) the need for collateral. D) the primary market.