National Bank has $1 million in deposits, $200,000 in its reserves, and a required reserve ratio of 14 percent. National Bank has ______ available to lend to borrowers.
a. $140,000
b. $860,000
c. $60,000
d. $28,000
c. $60,000
Economics
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The concentration ratio of a monopoly industry is 100 percent
Indicate whether the statement is true or false
Economics
From 2007 to 2008, the Federal Reserve System reduced interest rates, the price which borrowers pay. As a result, economists expected the quantity of money demanded to
a. increase. b. decrease. c. not change. d. not change, although the demand schedule itself will shift outward.
Economics
An example of a renewable resource would be:
A. a river. B. natural gas. C. coal. D. All of these are examples of renewable resources.
Economics
Dividing the dividend payment by the stock's ________ determines the dividend yield
A) coupon payment B) closing market price C) highest yearly price D) price/earnings ratio
Economics