Answer the next question based on the following consolidated balance sheet for the commercial banking system.AssetsLiabilities + Net WorthReserves$50,000Checkable deposits$120,000Loans75,000Stock shares130,000Securities25,000 Property100,000 If the reserve requirement is 15% and the table above represents the balance sheet for the whole commercial banking system rather than a single bank, then loans and deposits could expand by a maximum of approximately
A. $415,373.
B. $333,500.
C. $120,000.
D. $213,333.
Answer: D
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In a fixed exchange rate system, a decrease in the exchange rate at which a currency is pegged is called a(n)
A) devaluation. B) revaluation. C) appreciation. D) depreciation.
Which of the following best describes a deliberate government decision to lower the exchange rate, E?
A) appreciation B) depreciation C) revaluation D) devaluation E) accumulation
To be effective, OSHA rules must be exact , because flexibility will be used by employers to violate the beneficial effect of the rule
Indicate whether the statement is true or false
Which of the following will result as part of the interest rate effect when the price level rises? a. Households and firms increase their holdings of money
b. Interest rates will increase. c. A lower quantity of real GDP will be demanded. d. All of the above will result as part of the interest rate effect when the price level rises.