If a bank has excess reserves of $5,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has actual reserves of
A) $11,000.
B) $20,000.
C) $21,000.
D) $26,000.
C
You might also like to view...
Ellie and Jenny both brought grapes and crackers in their school lunches. If they have different marginal rates of substitution of grapes for crackers, their parents have not allocated lunch resources efficiently.
Answer the following statement true (T) or false (F)
The competitive firm's profit-maximizing quantity of labor is the quantity where the:
A. value of the marginal product of labor is equal to the profit. B. quantity of the marginal product of labor is equal to the market wage. C. quantity of the marginal product of labor is equal to zero. D. value of the marginal product of labor is equal to the market wage.
A graph of the data points in the supply schedule creates which of the following?
(A) A supply curve. (B) A demand curve. (C) The supply of goods available. (D) The quantity of goods demanded.
Which idea is inconsistent with perfect competition?
A. price-taking behavior B. a large number of buyers and sellers C. product differentiation D. freedom of entry or exit for firms