A goldsmith with 100 gold coins in his safe and 100 receipts in circulation has a reserve rate of _______%.
Fill in the blank(s) with the appropriate word(s).
100
You might also like to view...
Which of the following is a factor of production that generally is fixed in the short run?
A) a factory building B) water C) raw materials D) labor
Trade between countries tends to a. reduce both competition and specialization
b. reduce competition and increase specialization. c. increase competition and reduce specialization. d. increase both competition and specialization.
Which of the following most accurately states the function of middlemen?
a. Middlemen reduce transaction costs. b. Middlemen add to the expense of buyers and sellers without providing any benefit. c. Our economy would work just as well without middlemen since they do not expand the availability of physical goods. d. Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net receipts.
The following is a hypothetical short?run production function: Hours of Total Marginal Labor Output Product 0 ___ ___ 1 100 100 2 ___ 80 3 240 ___ Refer to Scenario 1. What is the total output when 2 hours of labor are employed?
A. 180 B. 170 C. 150 D. 140