Suppose total deposits in the First Bank of Commerce are $200,000 and required reserves are $10,000. Based on this information, the required reserve ratio is:
A. 20.0.
B. 0.05.
C. 0.10.
D. 0.20.
Answer: B
You might also like to view...
The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Investors should be willing to pay more for a stock when (controlling for all other things):
a. Future interest rates are expected to increase. b. Future interest rates are expected to decrease. c. Future dividends are expected to decrease.
A world-renowned brain surgeon can type twice as fast as her secretarial assistant. Which of the following statements is true in this situation?
a. The secretary has an absolute advantage in typing. b. The surgeon should do her own typing to save money. c. The surgeon should fire the assistant and work weekends and evenings to stay up on her typing. d. The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the secretary has a comparative advantage in typing. e. The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the surgeon has a comparative advantage in typing.
Which statement is FALSE?
A. MV = GDP B. PQ = GDP C. MV = PQ D. None of these choices are false.