Given a required reserve ratio of 20 percent, a commercial bank that has received a new deposit of $1000 can make additional loans of
A. $1000.
B. $200.
C. $0.
D. $800.
Answer: D
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Gross investment equals
A) net investment - depreciation + change in inventories. B) net investment + depreciation. C) net investment + change in inventories. D) depreciation + change in inventories.
A firm that was initially a monopsonist, but now has to buy from a competitive resource market will:
a. buy more amount of resources and pay a higher price for these resources. b. buy the same amount of resources and pay a higher price for these resources. c. buy less amount of resources and pay a lower price for these resources. d. buy less amount of resources and pay a higher price for these resources. e. buy more amount of resources and pay a lower price for these resources.
Figure 7-8
Of the graphs in Figure 7-8, which represents fixed cost?
a.
1
b.
2
c.
3
d.
4
From 1990 to 2010, the public sector share of total output
A. Trended upward to 2000 and then downward to 2010. B. Trended downward to 2010. C. Trended downward to 2000 and then upward to 2010. D. Trended upward through 2010.