Identify the international organization that makes loans to developing countries
a. The World Bank
b. The Federal Reserve
c. The World Trade Organization
d. The Industrial Development Board
e. The Bank of England
a
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The amount of interest owed on a loan of $100,000 after a year at an interest rate of 3 percent is:
A. $3,000. B. $30,000. C. $103,000. D. $100,300.
Refer to Table 9-5. The required reserve ratio is 10%. By how much could the banking system ultimately increase the money supply if all excess reserves are loaned out, people never withdraw cash, and all loan proceeds are spent?
A) $30 million B) $70 million C) $300 million D) $700 million
When disposable income is 6500, induced consumption is
A. 0.
B. 500.
C. 750.
D. 1000.
Which of the following is not an example of a monopolistically competitive firm?
A. Farmer Jones's wheat farm B. the Post Cereal Company C. Procter and Gamble, a large consumer products corporation D. T.J.'s Clothes, a local retail clothing store