A bank receives a demand deposit of $2,000 . The bank loans out $1,200 of this deposit and increases its excess reserves by $600 . What is the required reserve ratio?

The central banking system of the United States:

a. Federal Reserve b. National Bank of Washington D.C. c. Dow Jones Stock Exchange d. NASDAQ Exchange

Selection bias is unique to the field of economic research.

Answer the following statement true (T) or false (F)