If a bank receives a new deposit of $10,000, and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is:

In the figure above, with international trade the United States ________ million shirts per year

A) imports 32 B) imports 48 C) exports 16 D) exports 32

Excess reserves are equal to:

a. total reserves plus required reserves. b. total reserves multiplied by required reserves. c. total reserves minus loans. d. total reserves minus required reserves. e. required reserves minus loans.