The United States has greater inequality of income than
a. Japan.
b. Germany and Australia.
c. most industrialized nations.
d. all of the above.
d
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A bank currently has checkable deposits of $100,000, reserves of $30,000, and loans of $70,000. If the required reserve ratio is lowered from 20% to 15%, this bank can increase its loans by
Bookkeeping
The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:
a. The euro depreciated by 25% and the dollar appreciated by 25%. b. The euro appreciated by 25% and the dollar depreciated by 20%. c. The euro depreciated by 25% and the dollar appreciated by 20%. d. The euro appreciated by 20% and the dollar depreciated by 25%. e. The euro depreciated by 20% and the dollar appreciated by 25%.
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. Jerry's saving equals zero at income level
A. Y2. B. Y2 - Y1. C. Y1. D. zero.