The above table presents the balance sheet of the TBK commercial bank. What is this bank's actual reserve ratio?
A) 50 percent
B) 12 percent
C) 20 percent
D) 17.14 percent
C
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A rent ceiling in a housing market
A) makes all rents lower than the ceiling illegal to charge. B) is set above the equilibrium rent in order to have an effect. C) increases the time people spend searching for housing. D) Both answers B and C are correct. E) Both answers A and C are correct.
Why were many U.S. citizens against the Second Bank of the United States, which was an attempt by Congress to restore order in the monetary system in 1816?
(A) Citizens feared that a central bank placed too much power in the hands of the federal government. (B) Citizens believed that the Federal Reserve Districts were not assigned appropriately. (C) Citizens feared that there could be a reoccurrence of "The Panic of 1807." (D) Citizens believed that the states should not be given power over the banking system.