Suppose the reserve ratio is RR. Then
A) required reserves = RR × deposits. B) required reserves = RR × loans.
C) required reserves = RR × actual reserves. D) required reserves = RR × excess reserves.
A
You might also like to view...
A line that is perfectly elastic has an elasticity of demand of zero
a. True b. False Indicate whether the statement is true or false
International trade does all the following except
a. allow a country to specialize in producing certain goods and services. b. reduce world output. c. allow a country to move to higher consumption levels. d. increase world output.
Christine is an artist who creates custom cookie jars. Her annual revenue from selling the cookie jars is $90,000 . The annual explicit costs of the materials used to make the cookie jars are $54,000 . Christine used $5,000 from her personal savings account to buy pottery tools for her business. The savings account paid 1% annual interest. Christine could earn $6,000 per year as a tax preparer
What is the annual economic profit of her cookie jar business? a. $36,000 b. $35,950 c. $30,000 d. $29,950
Marginal cost:
a) is always less than price. b) is the minimum price a producer to cause him to offer one more unit of a good for sale. c) decreases as more is produced. d) may be negative. e) is greater than price