The effects of financial deregulation on the IS and LM curves ________ the volatility of interest rates as the curves shift, such as the change in the amount that the interest rate must ________ when the Fed conducts open market purchases

In a market-based economy, only the government can reduce economic uncertainty

Indicate whether the statement is true or false

Suppose the required reserve ratio is 10%. If a bank has total reserves of $80,000 and checkable deposits of $550,000, what is the amount of the bank's required reserves?

A) $25,000 B) $55,000 C) $80,000 D) $135,000