Suppose the reserve requirement is 10 percent. If a bank has $5 million of checkable deposits and actual reserves of $500,000, the bank:
A. can safely lend out $500,000.
B. can safely lend out $5 million.
C. can safely lend out $50,000.
D. cannot safely lend out more money.
D. cannot safely lend out more money.
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Product development is efficient if the
A) new product actually brings great benefits to the consumer. B) producer's marginal cost of product development equals the consumer's marginal benefit. C) producer surplus from selling the product equals the consumer surplus. D) average cost of the product development equals the average revenue generated.
Which of the following is a microeconomic concern?
A) the rate of economic growth in the United States B) the current unemployment rate in the United States C) consumer behavior D) national output of the United States
Most economists prefer regulation to taxation because regulation corrects market inefficiencies at a lower cost than taxation does
a. True b. False Indicate whether the statement is true or false
Which of the following futures contracts is available on the various commodity exchanges in the United States?
A) Treasury bond futures B) Investment-grade bonds C) Over-the-counter stocks D) U.S. savings bonds