Refer to the data. After a deposit of $10 billion of new currency into a checking account in the banking system, excess reserves will increase by:
Answer the question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions.
A. $0 billion.
B. $7 billion.
C. $9 billion.
D. $10 billion.
C. $9 billion.
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If the natural rate of unemployment equals 8 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A. 10 percent. B. 2 percent. C. -1 percent. D. -2 percent.
Changing prices cause changes in the supply of a good and therefore result in movements along a given supply curve
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.
Suppose Brian receives a check for $100 from a bank in Atlanta. He deposits the check in his account at a Dallas bank. The Dallas bank will most likely collect the $100 directly from the
A. FOMC. B. Dallas regional Federal Reserve Bank. C. Board of Governors. D. Federal Reserve Bank in Washington, D.C.