Great Bear Bank receives two new deposits of $100,000 and $140,000. If it has a required reserve ratio of 8 percent, how much of these deposits must Gold Bear keep in reserves?
a. $30,000
b. $120,200
c. $19,200
d. $220,800
c. $19,200
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The perfectly competitive seller's short-run supply curve is
A) its entire marginal cost curve. B) its marginal revenue curve. C) the part of its marginal cost curve above the average variable cost curve. D) the part of its marginal cost curve above the average total cost curve.
Bryan Mackenzie, from Los Angeles, California, is an independent computer consultant. Companies all over the world hire him to design their computer systems. Are the services he renders in Tokyo, Japan, included in the United States GNP? Are they included in the United States GDP? Explain your answers
For each $1 of a tax cut, economists expect consumption to
a. decrease by $1. b. decrease by less than $1. c. increase by less than $1. d. increase by $1.
If the value of the domestic currency depreciates:
a. Aggregate demand and aggregate supply rise. b. Aggregate demand rises and aggregate supply falls. c. Aggregate demand and aggregate supply fall. d. Neither aggregate demand nor aggregate supply change. e. None of the above.