The table above shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, Ralph's Bank has desired reserves of ________
A) $375
B) $2,500
C) $500
D) $450
D
You might also like to view...
If the demand for a product remains the same and the supply falls,
A. both the market clearing price and the equilibrium quantity will rise. B. the market clearing price will rise and the equilibrium quantity will fall. C. both the market clearing price and the equilibrium quantity will fall. D. the market clearing price will fall and the equilibrium quantity will rise.
In general, an externality is created when
A) people are affected (other than by price) by a transaction which they were not part of. B) firms produce a product of low quality and consumers don't like it. C) firms have to pay for polluting the environment. D) the government subsidizes education.
A tax added to the camping fee at national parks that is used to maintain and upgrade camping facilities at national parks is a tax based on
A. the ability-to-pay principle. B. the benefits-received principle. C. vertical equity. D. horizontal equity.
The short-run Phillips Curve intersects the long-run Phillips Curve at the:
A. Nominal rate of interest B. Current rate of inflation C. Real interest rate D. Natural rate of unemployment