If a bank had $250 million in demand deposits and faced a 20 percent reserve requirement, it would be required to hold ____ as reserves and could have a total amount of loans issued up to ____.
a. ?$50 million; $200 million
b. ?$50 million; $250 million
c. ?$200 million; $250 million
d. ?$200 million; $200 million
a) 50 million; $200 million
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Reduction in the quality of agricultural land through overuse is called
a. degradation b. deforestation c. desertification d. defenestration. e. none of the above
Collateral is ________ the lender receives if the borrower does not pay back the loan
A) a liability B) an asset C) a present D) an offering
Which of the following is an example of a financial intermediary?
A. Banks. B. The U.S. Treasury. C. The S&P 500. D. The department of finance.
A person's productive contribution in a capitalist society is measured by determining the
A) market value of the individual's output. B) comparable output of other workers in similar jobs. C) total number of goods produced by the individual. D) index of occupational values.