If actual reserves in the banking system are $8,000, checkable deposits are $70,000, and the legal reserve ratio is 10 percent, then excess reserves are:
A. zero.
B. $1,000.
C. $2,000.
D. $500.
B. $1,000.
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In the circular flow diagram, consumer products flow ______.
a. the same way as dollars
b. clockwise
c. counter clockwise
d. from the innermost circle
Which of the following will be included in the income-based method of national accounting?
A) A firm's expenditure on raw materials B) A student's expenditure on education C) A consumer's expenditure on a imported car D) A worker's retirement benefits
List the major categories of tangible capital
What will be an ideal response?
Adding more resources causes:
a. downward movement along a production possibilities curve. b. the production possibilities curve to shift in. c. upward movement along a production possibilities curve. d. the production possibilities curve to shift out. e. the production possibilities curve to become positively sloped.