Use the following reserve-requirements table to answer the next question.Type of DepositReserve RequirementCheckable deposits $7.8 - $48.3 million3%Over $48.3 million10Noncheckable personal savings and time deposits0If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are
A. $1.65 million.
B. $1.35 million.
C. $0.35 million.
D. $0.65 million.
Answer: D
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A. commercial transactions between companies and consumers. B. international commerce transactions. C. what can be broadcast on public airways. D. commercial transactions between the United States and foreign countries.
When the average physical product is falling
A) average variable costs are rising. B) average fixed costs are rising. C) total costs are falling. D) average variable costs are falling.
GDP is used in an attempt to
A) calculate the profitability of a country. B) measure the economic performance of a country. C) determine the overall well-being of a country. D) figure out the prices of all goods and services exchanged in the legal economy. E) guide entrepreneurs toward more profitable investment decisions.
The "real burden" of the debt is directly related to
A. The idea of opportunity cost. B. How transfers redistribute income. C. The relationship between the Treasury and the Federal Reserve System. D. The difference between internally held debt and externally held debt.