Suppose that a bank has $250 in vault cash, $750 in deposits at the Federal Reserve, $9,000 of loans, and deposits of $10,000. How much does this bank have in reserves?

If an oligopolistic firm in a game theory kind of market cuts price, in the long run

a. the other firms will follow and all firms will be worse off b. the price cutter will be worse off if other firms don't cut price as well because revenue equals price times output and since price was cut, its revenue must be less c. its market share and profit will increase at the expense of its rivals d. the other firms will follow and all firms will be better off because at lower prices, industry sales will increase e. it will become a monopoly, having outsmarted its rivals, and will be able to raise the price again. That's how the game is played.

A bank has a 20 percent reserve requirement, $8,000 in loans, and has loaned out all it can given the reserve requirement

a. It has $6,400 in deposits. b. It has $10,000 in deposits. c. It has $9,600 in deposits. d. It has $1,600 in deposits.