Assuming a reserve ratio of 10 percent, if a bank sells $100,000 in securities how much can the bank loan out?
A) $90,000
B) $100,000
C) $110,000
D) $10,000
B
Economics
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The minimum wage is an example of
A) a subsidy for low-skilled workers. B) a price floor. C) a black market. D) a price ceiling.
Economics
Most economists consider the case for jawboning to control inflation is strongest when this policy is used:
a. for a long period of time. b. to combat inflation that is out of control. c. to combat cost-push inflation. d. All of these are true.
Economics
Explain why environmental damage would be classified as an externality
Economics
Changes in land rents in the United States are chiefly the result of
A. changes in the demand for land. B. increased land fertility. C. production of new land. D. changes in the supply of land.
Economics