Bank A has $75,000 in total reserves, and zero excess reserves. The required reserve ratio is 12 percent. Bank A has checkable deposits of
A) $84,000.
B) $62,500.
C) $625,000.
D) $6,250,000.
E) $840,000
C
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The figure above shows a production possibilities frontier. In the figure, which of the following combinations of the two goods are efficient?
A) 4 million cell phones and 4 million DVDs B) 2 million cell phones and 13 million DVDs C) 5 million cell phones and 15 million DVDs D) no cell phones and 15 million DVDs E) None of these combinations is efficient.
The largest item on the asset side of the Federal Reserve balance sheet is
A) Federal Reserve notes. B) U.S. government securities. C) gold. D) U.S. Treasury deposits.
What percentage of African Americans are uninsured?
A. 80 B. 3 C. 37 D. 21
If the opportunity cost of capital is below the rate of return to capital in the perfectly competitive beauty salon industry,
a. resources will flow into the industry. b. beauty salon owners must be earning negative economic profit. c. the beauty salon industry cannot be in long-run equilibrium. d. beauty salon owners must be earning negative marginal revenue at their current levels of output.