Refer to the table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are:
A. $30 million
B. $3 million
C. $1.8 million
D. $1.2 million
D. $1.2 million
You might also like to view...
Which of the following would shift the aggregate demand curve to the left?
A) an increase in the money supply B) a cut in federal income taxes C) an expected decrease in future income D) an increase in the price level
Refer to the figure below. 
When Row Resorts and Column Cruises both play their dominant strategy:
A. Column Cruises earns a higher profit than does Row Resorts. B. both firms do better than if they had both played their dominated strategy. C. both firms do worse than if they had both played their dominated strategy. D. Row Resorts earns a higher profit than does Column Cruises.
Which of the following statements about Social Security is FALSE?
A. Social Security is an intergenerational transfer where the benefits paid are only roughly related to past earnings. B. Benefit payments under Social Security are based on the recipient's need. C. Over 90 percent of all employed workers in the United States are covered by Social Security. D. Benefit payments under Social Security redistribute income from young to old.
The ________ capital in developing nations causes labor productivity to remain low.
A. reassignment of B. lack of C. increase in privately controlled D. subsidized