If a bank receiving a new deposit of $200,000 would be able, as a result, to increase their lending by at most $120,000, then the required reserve ratio equals:
a. 4%
b. 25%.
c. 40%.
d. 50%.
c
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Refer to Table 2-4. Which of the following statements is true?
A) George has an absolute advantage in both tasks. B) Jack has an absolute advantage in both tasks. C) Jack has an absolute advantage in lawn mowing and George in garden cultivating. D) Jack has an absolute advantage in garden cultivating and George in lawn mowing.
The perfect competitor can make a profit
A. only in the long run. B. only in the short run. C. in both the long run and the short run. D. in neither the long run nor the short run.
Which group has ultimate control over the U.S. economy?
A. Business B. Government C. Multinationals D. Households
Output Total Cost015125233340448558670Table 8.5Refer to Table 8.5. The average variable cost of producing five units of output is:
A. $0. B. $8.60. C. $10. D. $11.60.