Assume a bank has total deposits of $100,000 and $20,000 is set aside to meet reserve requirements of the Fed. Its required reserve ratio is:
a. $20,000 b. 20 percent.
c. 0.2 percent. d. 1 percent.
b
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Which of the following is an example of an intermediate good?
A. A new CD player sold to a teenager B. A new CD player sold to an automaker for installation in a car C. A metal-stamping machine used to produce cars sold to an automaker D. A new car sold to a family
The above figures show the market for oranges. Which figure(s) shows the effect of new successful advertising campaigns to eat more oranges?
A) Figure A B) Figure B C) Figure D D) Figures A and D
Diminishing marginal productivity implies that a proportional increase in all inputs will produce a less than proportional increase in output.
Answer the following statement true (T) or false (F)
The form of economic system in Hitler's Germany and Mussolini's Italy was called _________.
Fill in the blank(s) with the appropriate word(s).