As a result of the open market sale, Jekyll Bank
A) can create $50,000 of new loans.
B) will have $45,000 of excess reserves.
C) will have to borrow reserves to replenish its reserve deficiency.
D) will have an increase in checkable deposits.
Ans: C) will have to borrow reserves to replenish its reserve deficiency.
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Marginal profit is the slope of the total profit curve.
Answer the following statement true (T) or false (F)
Suppose at a particular level of real gross domestic product (GDP), there are no unintended inventory adjustments. In this context, which of the following is true?
a. Real GDP is less than the equilibrium level of real GDP demanded. b. Real GDP is greater than the equilibrium level of real GDP demanded. c. Real GDP equals the equilibrium level of real GDP demanded d. At equilibrium real GDP, there is no inflation. e. At equilibrium real GDP, there is no saving.
The future value of a deposit in a savings account will be smaller
a. the longer a person waits to withdraw the funds. b. the lower the interest rate is. c. the larger the initial deposit is. d. All of the above are correct.
The U.S. perinatal mortality rate (late fetal deaths plus deaths in the neonatal period) was 6.2 in 2012, lower than those found in:
a. France, Switzerland, and the United Kingdom. b. Canada. c. Germany. d. Japan.