Suppose a bank has $1,500,000 in deposits and the desired reserve ratio is 12 percent. If the bank is currently holding $200,000 in reserves, the excess reserves are equal to
A) zero.
B) $180,000.
C) $120,000.
D) $20,000.
D
Economics
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If a town has a monopsony, this means:
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The Civil Rights Act of 1964 in the United States led to _____
a. the introduction of the concept of discrimination. b. complete elimination of discrimination from the labor force. c. the creation of equal opportunities for men and women. d. the creation of equal opportunities for the members of different races. e. the establishment of a much clearer definition of discrimination.
Economics