Refer to the information provided in Table 25.8 below to answer the question(s) that follow.Table 25.8
Refer to Table 25.8. If the required reserve ratio is 20%, Alamo Bank
A. has unloaned excess reserves of $100,000.
B. has too few reserves on hand.
C. is loaned up.
D. is meeting its required reserve ratio and has no excess reserves.
Answer: C
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Mary purchased a stuffed animal toy for $5. After a few weeks, someone offered her $100 for the toy. Mary refused. One can conclude that Mary's consumer surplus from the toy is
A) less than $5. B) at least $95. C) at least $100. D) $105.
Microeconomics is the branch of economics in which you study inflation and unemployment in the economy
a. True b. False Indicate whether the statement is true or false
Social pressures and personal appeals increase the number of free riders
a. True b. False Indicate whether the statement is true or false
Select the letter of the diagram in Figure 28.1 that best represents the effect of each event on the United States wheat market, ceteris paribus: The federal government decides to no longer purchase wheat from farmers. (See Figure 29.4.)
A. a. B. b. C. c. D. d.