The Banks of the Mississippi has excess reserves of $20,000, desired reserves of $80,000 and the desired reserve ratio is 5 percent. What is the total amount of deposits in this bank?
A) $180,000 B) $100,000 C) $1,000,000 D) $1,600,000 E) $5,000
D
Economics
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If savers do not have fixed savings goals, the supply curve of loanable funds will generally be
a. horizontal. b. downward sloping. c. vertical. d. upward sloping.
Economics
Whenever a buyer and a seller agree to trade, both must believe they will be made better off
A) unless the buyer resides in a different country than the seller. International trade may make the buyer or seller worse off. B) unless one party is richer than the other. C) only if the buyer and seller live in countries with market economies. D) whether the buyer and seller live in the same (or different) city or country.
Economics