Suppose a bank has $200,000 in deposits, a required reserve ratio of 15 percent, and total reserves of $100,000. Then it has excess reserves of
A. $30,000.
B. Negative $100,000.
C. $200,000.
D. $70,000.
Answer: D
You might also like to view...
During the past 40 years, U.S. exports as a percent of GDP and U.S. imports as a percent of GDP
A) both rose at the same pace. B) both fell at the same pace. C) both rose, but U.S. imports as a percent of GDP rose at a faster pace. D) both rose, but U.S. exports as a percent of GDP rose at a faster pace.
The key difference between monopolistic competition and perfect competition is that in monopolistic competition the tangency of
a. AC and the demand curve occurs along the negatively sloped part of AC. b. the demand curve and AC occurs at the minimum point of the AC curve. c. AC and the demand curve occurs along the positively sloped part of AC. d. MC and MR at the optimum output.
Which of the following is an unintended consequence of austerity policies?
A. Large budget deficits B. Reduction in unemployment C. Hyperinflation D. Reduction in taxes
Refer to the figure below. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each week is: 
A. 40 B. 10 C. 30 D. 0