If your bank receives a demand deposit of $4,000 and the legal reserve requirement is 20 percent, then it can make additional loans of
a. $800
b. $3,200
c. $4,000
d. $16,000
e. $20,000
B
Economics
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Benefits from trade would not include
a. the ability of people and nations to specialize. b. a greater variety of goods and services becoming available. c. less competition. d. lower prices.
Economics
Refer to the data. If columns (1) and (3) of the demand data shown are this firm's demand schedule, the profit-maximizing price will be:
A. $9.
B. $7.
C. $11.
D. $6.
Economics