A bank has excess reserves of $5,000 and demand deposits of $50,000; the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, then this bank can lend a maximum of:

The excess burden of a tax is also a deadweight loss

Indicate whether the statement is true or false

__________ are the best example of securities that trade primarily in a brokered market

A) Common stocks B) Corporate bonds C) Municipal bonds D) Tombstones