Tenth National Bank holds $285 million in checkable deposits and $35 million in reserves. With a required reserve ratio of 11 percent, how much in excess reserves is Tenth National holding?
A) $250 million
B) $3.65 million
C) $35.2 million
D) 3.85 million
B
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The congestion tax implemented in London reduced traffic volume and cut travel time for cars and buses in half
Indicate whether the statement is true or false
Monetarism is a school of thought put forth by ________, who argued that the economy would most likely be at potential GDP
A) Finn Kydland and Edward Prescott B) Milton Friedman C) Robert Lucas and Thomas Sargent D) Karl Marx
When an economy is at its natural rate of unemployment, which of the following will be true?
A) The unemployment rate will be 0%. B) The labor force participation rate will be 100%. C) The unemployment rate will be greater than 0%. D) Only structural unemployment as a result of technological change will exist in the economy.
What is the difference between a slowdown in economic growth and a recession?
What will be an ideal response?