If a bank has customer deposits of $150 million, $15 million in reserves and the amount of excess reserves equals 0 (zero):
A. the required reserve rate is 15 percent.
B. the required reserve rate is 1 percent.
C. the bank's net interest margin is zero (0).
D. the required reserve rate is 10 percent.
Answer: D
You might also like to view...
Which of the following statements is true of British colonies in Jamaica and Barbados?
A) Production was based on well-defined property rights and private ownership of resources. B) The institutions set up in colonies in Jamaica and Barbados were mostly inclusive. C) Participation of the natives in politics was greatly limited. D) The colonies were similar to the ones set up in North America.
The above figure shows the market for pizza. The market is in equilibrium when the cheese used to produce pizza falls in price. What point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E
Adult population 200 million labor force 150 million employed persons 138.75 million Discouraged workers 10.5 million According to the accompanying labor data, the labor force participation rate is
What will be an ideal response?
Say Anna chooses between partying and studying. Supposed her indifference curves satisfied all the assumptions about consumer theory, but she also liked studying a lot more than partying. If the price of studying increased, then Anna would consume
A. no partying at all, in order to consumer more studying. B. less studying and more partying. C. the same as before. D. more studying and less partying.