If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the excess reserves-checkable deposit ratio is

A) 0.001.
B) 0.10.
C) 0.01.
D) 0.05.


A

Economics

You might also like to view...

What is the largest source of tax revenue for the U.S. federal government and what is the largest expenditure item of the U.S. federal government?

What will be an ideal response?

Economics

What is the primary prediction of the median voter model? List the two key assumptions of the median voter model regarding the preferences of voters

What will be an ideal response?

Economics

A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?



A. $22
B. $16
C. $10
D. $6

Economics

Refer to the budget line shown in the diagram above. Given the same money income, reductions in the prices of both products C and D will:

A) shift the budget line outward on the horizontal axis, but leave it anchored at "10" on the vertical axis. B) shift the budget line to the left. C) shift the budget line to the right. D) have no effect on the budget line.

Economics