Suppose you get a tax refund of $20,000 and instead of spending it on items that had been on your wish list for two years, you put it all in your checking account at the First National Bank of Urbana. And if that deposit allows the bank to loan out $17,000 . then the potential money multiplier must be

What are four market imperfections that prevent workers from moving from their current jobs to take higher-paying jobs?

What will be an ideal response?

Grapevine Bank receives a deposit of $200,000. Its required reserve ratio is 12 percent. How much of this deposit is available to be loaned to borrowers?

a. $12,000 b. $176,000 c. $200,000 d. $24,000