If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 10 percent, then the bank has actual reserves of
A) $14,000.
B) $17,000.
C) $22,000.
D) $27,000.
B
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Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A) Gustav Cassel B) Irving Fisher C) David Ricardo D) Paul Krugman E) Israel Kirzner
Even countries that depend primarily on market forces to resolve the basic economic questions will usually rely on the collective decision-making process to
a. determine the prices of goods and resources. b. allocate goods that are essential to life. c. determine the distribution of income among citizens. d. define and enforce private-property rights and designate the acceptable forms of competitive economic behavior.
An improvement in production technology will
a. increase a firm's costs and increase its supply. b. increase a firm's costs and decrease its supply. c. decrease a firm's costs and increase its supply. d. decrease a firm's costs and decrease its supply.
Which of the following is not a form of antitrust policy?
A. regulation of business practices B. blocking mergers C. breaking up monopolies D. price controls