A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?

The above figure shows the apartment market in Big City. A rent ceiling of $1100 would

A) not create a black market. B) create a shortage of apartments. C) decrease search activity. D) shift the supply curve rightward.

Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $95 dollars, total consumer surplus will be

A) $0. B) $35. C) $80. D) $95.