The First National Bank of Townville has $125,000 in U.S. government securities, $200,000 in savings accounts, $300,000 in checking accounts, $50,000 in its reserve account at the Fed, $10,000 of currency in its vault, and loans of $250,000
What is the amount of its reserves?
Reserves include the bank's deposit in its reserve account at the Fed and the currency in its vault. Therefore, the First National Bank of Townville has $50,000 + $10,000 = $60,000 in reserves.
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What part of federal government spending has grown the most slowly in recent decades?
a. national defense b. welfare c. interest on the national debt d. social security and medicare e. all other forms of federal government spending
When a certain nation abandoned a policy of prohibiting international trade in automobiles in favor of a free-tree policy, the result was that the country began to import automobiles. The change in policy improved the well-being of that nation in the sense that
a. both producers of automobiles and consumers of automobiles in that nation became better off as a result. b. the gains to automobile producers in that nation exceeded the losses of the automobile consumers in that nation. c. the gains to automobile consumers in that nation exceeded the losses of the automobile producers in that nation. d. even though total surplus in that nation decreased, it was still true that consumer surplus and producer surplus increased.
The entry of a second firm shifts the demand curve of the original firm to the left ?, so that at each price the original firm will sell a decreased quantity.
The entry of a second firm shifts the demand curve of the original firm to the
so that at each price the original firm will sell
quantity.
Depreciation of the dollar will:
A. decrease the prices of both U.S. imports and exports. B. increase the prices of both U.S. imports and exports. C. decrease the prices of U.S. imports but increase the prices to foreigners of U.S. exports. D. increase the prices of U.S. imports but decrease the prices to foreigners of U.S. exports.