A commercial bank has actual reserves of $1 million and checkable-deposit liabilities of $9 million, and the required reserve ratio is 10%. The excess reserves of the bank are
A. $900,000.
B. $1 million.
C. $100,000.
D. $50,000.
Answer: C
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A) 0.1. B) 1. C) 10. D) 100.
The 1978 Full Employment and Balanced Growth Act called for a target unemployment rate of
a. 0 percent b. 5 percent c. 1 percent d. 2 percent e. 4 percent
Global warming of the past century, and especially in the past decade, is at least partly a consequence of human activities that have increased ____ in the atmosphere
a. smog b. PCBs c. ozone d. "greenhouse gases"
If the supply of a good is relatively inelastic, this means that the quantity supplied of the good is
a. not very sensitive to the price of the good. b. highly sensitive to the price of the good. c. unrelated to the price of the good. d. none of the above.