Suppose that a bank has $250 in vault cash, $750 in deposits at the Federal Reserve, $9,000 of loans, and deposits of $10,000. What is the bank's reserve ratio?

Historical note: All of the following were examples in the text of goods that had been patented except

a. penicillin b. tabs on beer and soda cans c. Polaroid's instant film camera d. watercolor paint e. Xerox's photocopier

International capital-flow shocks tend to be less disruptive with floating exchange rates than with fixed exchange-rates.

Answer the following statement true (T) or false (F)