A bank that has liabilities of $150 billion and a net worth of $20 billion must have:
A. excess reserves of $130 billion.
B. assets of $150 billion.
C. excess reserves of $150 billion.
D. assets of $170 billion.
D. assets of $170 billion.
Economics
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According to the idea of consumer sovereignty, what will happen in the market for widgets if consumers decide they no longer desire widgets?
What will be an ideal response?
Economics
The primary purpose of economics is to understand how people make
A) money. B) goods and services. C) choices. D) a comfortable living.
Economics