A bank's reserve ratio is 5 percent and the bank has $1,000 in deposits. It's reserves amount to

a) $5.
b) $50.
c) $95.
d) $950.

Ans: b) $50.

Economics

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Which of the following statements is true?

A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation. D) Correlation arises when there is causation and can also arise even when there is no causation.

Economics

Increased foreign direct investment in India has contributed to its recent economic growth

Indicate whether the statement is true or false

Economics