If total deposits at Last Bank and Trust are $100 million, total loans are $70 million, and excess reserves are $20 million, then which of the following is the required reserve ratio?
a. 70 percent.
b. 30 percent.
c. 20 percent.
d. 10 percent.
d
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All else being equal, a permanent decrease in the saving rate in a steady-state economy would cause
A) an increase in the capital—labor ratio and an increase in consumption per worker. B) an increase in the capital—labor ratio and a decrease in consumption per worker. C) a decrease in the capital—labor ratio and a decrease in consumption per worker. D) a decrease in the capital—labor ratio and an increase in consumption per worker.
Very few societies have used price controls
a. True b. False Indicate whether the statement is true or false
Which nation took the bold step of abandoning its own currency and adopting the U.S. dollar?
a. China b. India c. Mexico d. Ecuador
Based on the graphic for perfect competition versus monopoly, the change between the welfare of perfect competition and the welfare of a monopoly is ______.
a. a
b. b
c. -c
d. -a