If a bank has $25 million in deposits and the required reserve ratio is 12 percent, the bank's required reserves equal $3 million.
Answer the following statement true (T) or false (F)
True
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Goods that have been produced but not yet sold are referred to as
A) capital goods. B) inventories. C) understocks. D) pre-sold goods.
In a 50-firm industry, two of the smallest firms merge. Yet the 4-firm concentration ratio and the 8-firm concentration ratio did not change. All things considered, we can say that the industry has
A) moved closer to pure competition because the number of firms decreased. B) moved farther away from competition because the number of firms decreased. C) experienced no change in competition even though the number of firms decreased. D) to be identified first; otherwise there is no way to tell.
If an employer pays a man a higher wage than a woman, the employer
a. is discriminating against the woman but is still maximizing profit. b. is not discriminating against the woman. c. may or may not be discriminating against the woman. d. is discriminating against the woman and is not maximizing profit.
To a bank, reserves are classified as
A) an asset. B) a liability. C) equity D) a liability or an asset