If a bank has actual reserves of $40,000 and a 20 percent reserve requirement, then the maximum amount of checkable deposits the bank can have if excess reserves are zero is
a. $100,000.
b. $80,000.
c. $300,000.
d. $20,000.
e. $200,000.
E
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According to the text application, the IPCC estimates that
a. Africa is the only continent vulnerable to climate change b. ecological risk to North America will vary within the region c. Europe should experience shorter growing seasons d. Latin American should experience higher crop yields e. all of the above
When interest rates in the bond market go up
A) the price of existing bonds goes u
Suppose Mack's wage was $7.00 an hour in 2001 and was $12.00 per hour in 2012. The CPI was 94 in 2001 and 201 in 2012. The 2001 wage in terms of 2012 dollars is
A) $13.16. B) $7.00. C) $14.97. D) $14.07. E) $3.48.
Which of the following products should be sold face-to-face rather than by mass advertising?
a. Breakfast cereals b. Health drinks c. A pharmaceutical which can only be understood by doctors d. A new brand of herbal cosmetics