The table below shows data (in millions) for Sun Trust Banks in September 2007 and September 2008. Suppose that the required reserve ratio is 3 percent
2007 2008
Loans $83 $78
Reserves $4 $5
Deposits $114 $95
The data show that Sun Trust ________ make more loans in 2007 and ________ make more loans in 2008.
A) can; can
B) can; cannot
C) cannot; cannot
D) cannot; can
A
You might also like to view...
Which of the following is true of the law of supply?
a. The law of supply is the sole determinant of market prices. b. The law of supply states that as the price of a good rises, the quantity supplied rises. c. The law of supply holds good only in the long-run. d. The law of supply is valid only in a market system of allocation. e. The law of supply asserts that as the cost of producing a good rises, the quantity supplied rises.
Many minor league ballplayers get called up to play in the majors and then get sent back down again to the minors. Jim makes $26,000 in the minors and then when he gets called up he makes $125,000, though he never plays and is an unknown name to the fans. It is most likely true that
A. A portion of Jim's major league salary is economic rent. B. Jim is irrational to accept only $26,000 in the minor leagues. C. Jim was playing for way below the value of his marginal product in the minor leagues. D. Jim's productivity suddenly increases by $99,000 when he is called up to the majors.
Large countries are ________ susceptible to immiserizing growth than small countries because when large countries expand their exports, their terms of trade
A. more; worsen. B. less; worsen. C. more; improve. D. less; improve.
All of the following reduce the transaction costs for consumers EXCEPT
A. eBay. B. a shopping mall. C. a grocery store. D. a court decision regarding product safety.