Reserve ratio is 10% bank receives new checkable deposit of $2000
What will be an ideal response?
Will be able to make loans up to a max $2000
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The sales of the 50 largest corporations in the U.S. economy amount to nearly 31 percent of GDP in 2017.
Answer the following statement true (T) or false (F)
The fiscal agent for the U.S. federal government is
A) the United States Treasury. B) the Internal Revenue Service. C) the Comptroller of Currency. D) the Federal Reserve System.
The President of which of the following district banks of the Fed is perpetually present on the Federal Open Market Committee?
a. The New York Fed b. The Seattle Fed c. The Boston Fed d. The Chicago Fed e. The Atlanta Fed
As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. increases; increases B. decreases; increases C. decreases; decreases D. increases; decreases