The classical model indicates that at the equilibrium interest rate, saving is

If you borrow $5,000 from your bank to purchase shares of Twitter from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market

A) indirect; secondary B) indirect; primary C) direct; primary D) direct; secondary

If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion

A) $8000 B) $1200 C) $1200.8 D) $8400