A goldsmith with 100 gold coins in his safe and 200 goldsmith's receipts in circulation has a reserve ratio of _____%.
Fill in the blank(s) with the appropriate word(s).
50
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Which of the following allow banks to minimize the cost to a business of borrowing?
I. Borrowing long and lending short II. Raising funds from a large number of depositors III. Creating money by lending all their reserves A) I only B) II only C) I and III D) II and III
Which of the following is likely to result from the regulation of taxicabs in Mexico City?
a. The price of taxi rides will decrease. b. The price of taxi rides will increase. c. The income of taxi owners will increase. d. Taxi owners will have greater monopoly power. e. The supply of taxis will decrease.
Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes vases, but Regan is better at producing both. In this case, trade could
a. benefit both Jayson and Regan.
b. benefit Jayson, but not Regan.
c. benefit Regan, but not Jayson.
d. benefit neither Jayson nor Regan
During the Great Recession, the Fed relied on each of the following tools to influence the economy EXCEPT:
A. paying interest on reserves. B. reverse repurchase agreements. C. open market operations. D. quantitative easing.