The Bank of Red Oak has $2 million in deposits and $400,000 in reserves. If excess reserves are equal to $100,000, the required reserve ratio is
A. 5%.
B. 10%.
C. 15%.
D. 20%.
Answer: C
You might also like to view...
Only a small number of people make provisions for old age in spite of statistical evidence showing the diminished income during retirement
Indicate whether the statement is true or false
The difference between quantity restrictions and price ceilings as to their effect on the market is that
A) only price ceilings make the market inefficient. B) only quantity restrictions make the market inefficient. C) while some consumers gain from price ceilings, no consumers gain from quantity restrictions. D) while price ceilings are efficient, quantity restrictions are not.
Which of the following is an example of an externality?
a. Annie purchases a new dress. b. Antonio's dog barks loudly during the night, waking his neighbors. c. Harold sells a book to Cathy, who reads the book and then gives it to James as a gift. d. Gloria watches a scary movie.
Which of the following buys goods for personal use?
a. consumer b. a person who is broke c. people who have not maxed out their credit cards d. client