Refer to the given data. The commercial banking system has excess reserves of:
Answer the question on the basis of the following consolidated balance sheet of the
commercial banking system. Assume that the reserve requirement is 10 percent. All figures
are in billions and each question should be answered independently of changes specified in
any preceding ones.
A. $10 billion.
B. $5 billion.
C. $2 billion.
D. zero.
D. zero.
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A stockholder's ownership of a company's stock gives her the right to
A) vote and be the primary claimant of all cash flows. B) vote and be the residual claimant of all cash flows. C) manage and assume responsibility for all liabilities. D) vote and assume responsibility for all liabilities.
The quantity of money demanded to satisfy transactions needs:
a. is intended for unexpected expenditures. b. increases with the level of real GDP. c. decreases with the level of real GDP. d. is unrelated to either national income or the interest rate. e. varies inversely with the liquidity demand for money.
The classical economic doctrine held that the normal equilibrium position of the economy was one of
a. rising interest rates. b. some unemployment. c. rising prices. d. full employment.
Suppose Blu-Ray players cost consumers $300 and Blu-Ray disks cost consumers $30. What contribution does the production of 250 Blu-Ray players and 3,000 Blu-Ray disks make to the GDP?
A. $90,000. B. $75,000. C. $125,000. D. $165,000.