If Fifth Third Bank had actual reserves of $1 billion and required reserves of $1.1 billion, its excess reserves would be
A. $1 billion.
B. $100 million.
C. 0.
D. -$100 million.
D. -$100 million.
You might also like to view...
The natural rate of unemployment
A. means that the economy will always operate at that rate. B. is a fixed unemployment rate that does not change over time. C. means that the economy will always realize its potential output. D. is equal to the total of frictional and structural unemployment.
Suppose Mail Boxes Etc. buys a new copier for its store for $1000. A year later, when the firm wants to upgrade to a new copier, it finds that the old copier is only worth $750. Over the year the copier was used, ________ has occurred
A) replacement investment B) gross investment C) depreciation D) net investment
In the Classical view, the money supply determines
A) interest rates. B) the saving rate. C) aggregate supply. D) the price level.
The equilibrium price is about
A. $8.50.
B. $9.00.
C. $9.20.
D. $9.60.