If checkable deposits in the first National Bank total $550 million and the required reserve ratio is 10 percent, then required reserves for first National Bank is
A. $50 million.
B. $55 million.
C. $7 million. .
D. $10 million..
Answer: B
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Which of the following is not a key economic question?
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What did the Bretton Woods Agreement do?
What will be an ideal response?
When oil was deregulated in the late 1970s, the number of wells pumping oil more than doubled. This reflects a/an
A. increase in the quantity supplied. B. increase in supply. C. decrease in supply. D. decrease in the quantity supplied.