Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is
A) $200. B) $1,800. C) $2,000. D) $20,000.
B
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Which of the following would likely be the most affected when the economy is in the recession phase of the business cycle?
A) gasoline sales B) housing sales C) beer and wine sales D) movie ticket sales
Which of the following would not be considered an investment in human capital?
a. education b. training programs c. transportation infrastructure d. literacy programs
Changes in business inventories are counted as part of gross private domestic investment
Indicate whether the statement is true or false
In the foreign exchange market between the Brazilian real and the U.S. dollar, if U.S. interest rates fall relative to Brazilian interest rates, the Brazilian real will appreciate relative to the U.S. dollar.
Answer the following statement true (T) or false (F)