Tenth National Bank holds $300 million in total deposits and $35 million in reserves. With a required reserve ratio of 9.5 percent, how much in excess reserves is Tenth National holding?
a.31.7 million
b. 28.5 million
c. 3.3 million
d. 6.5 million
d) 6.5 million
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The methods of financing state school systems have never been judged to be unconstitutional
Indicate whether the statement is true or false
The basic difference between the short run and the long run is that:
A. all costs are fixed in the short run, but all costs are variable in the long run. B. the law of diminishing returns applies in the long run but not in the short run. C. at least one resource is fixed in the short run, while all resources are variable in the long run. D. economies of scale may be present in the short run but not in the long run.
Holding all else constant, an increase in U.S. real GDP will ________ the supply for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. decrease; increase B. decrease; decrease C. increase; increase D. increase; decrease
Sustained growth refers to a growth process:
A) where growth in GDP per capita is attributed primarily to public sector firms and enterprises. B) where GDP per capita grows at a positive and steady rate for long periods of time. C) where growth in GDP per capita is translated into equal increase in welfare for all citizens in the country. D) where GDP per capita grows at a rate of more than 20% per year for long periods of time.