Refer to the data. This commercial bank has excess reserves of:
Use the following balance sheet for the ABC National Bank in answering the question. Assume the required reserve ratio is 20 percent.
A. $0.
B. $3,000.
C. $12,000.
D. $5,000.
D. $5,000.
Economics
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Which theory states that education makes workers more productive?
Economics
Some corporate governance experts believe that serving on a company's board of directors for an extended length of time diminishes that member's independence from the company's CEO. If this is true, it would tend to
A) reduce the principal-agent problem. B) increase the principal-agent problem. C) be in the best interest of shareholders. D) have no impact on the company's performance, since the CEO is only one member of top management.
Economics