A commercial bank has required reserves of $60 million and the reserve ratio is 20 percent. How much are the commercial bank's checkable-deposit liabilities?
A. $120 million
B. $900 million
C. $300 million
D. $1,200 million
C. $300 million
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Figure 10.4 Federal Surplus or Deficit as a Percent of GDP
What will be an ideal response?
Physical capital is:
A. the set of skills, knowledge, experience, and talent that determine the productivity of workers. B. the skills a human being acquires that enhances the available stock of equipment. C. the stock of equipment and structures that allow for the production of goods and services. D. All of these describe physical capital.
In a community where poor people do not hang out with members of the opposite sex until they are 21 years old, the opportunity cost of hiring a babysitter on weekends will be
What will be an ideal response?
Refer to the information provided in Figure 6.6 below to answer the question(s) that follow.
Figure 6.6Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying ________ bell peppers and ________ bags of black beans.
A. 600; 0 B. 600; 300 C. 300; 150 D. 0; 300