All developed countries achieve their status as a result of large supplies of natural resources

The supply curve will shift to the left when

A) the supply of the product increases. B) the demand for the product decreases. C) some producers leave the industry. D) the product becomes fashionable.

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?

A. $450. B. $400. C. $5,000. D. $550.