If the reserves in U.S. banks totaled $8,000 and total deposits were $100,000, the banking system's reserve ratio would be:
A. 0.08.
B. 0.10.
C. 0.92
D. 0.80
Answer: A
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a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. accelerating expenses costs once a target is met
Which of the following sectors contributes the largest amount to the U.S. GDP?
A.) Farming. B.) Manufacturing. C.) Services. D.) Exports.
Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements is TRUE?
A. This change in the consumer's choice results from an increase in the consumer's income. B. This change in the consumer's choice results from a fall in the price of good X. C. This change in the consumer's choice results from a rise in the price of good X. D. This change in the consumer's choice results from a rise in the price of good Y.
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