If a bank receives a new demand deposit of $10,000 . and the legal reserve requirement is 20 percent, then the bank can lend out
a. $2,000
b. $10,000
c. $40,000
d. $8,000
e. $0
D
Economics
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Profits equal:
A) total revenue minus variable costs. B) revenue minus fixed costs. C) total revenue minus total costs. D) total revenue.
Economics
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Economics