A reduction in the required reserve ratio has the instant effect of:
a. Increasing bank shareholders' equity.
b. Increasing total bank reserves
c. Increasing excess reserves.
d. None of the above is correct.
e. Increasing the monetary base.
.C
Economics
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A customs duty is
a. not a tax b. a progressive tax with respect to income c. a regressive tax with respect to income d. a proportional tax with respect to income e. a proportional tax with respect to wealth
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Elephants are endangered, but cows are not because
a. cows are not as valuable as elephants. b. elephants are a common resource, while cows are private goods. c. cows are a common resource, while elephants are private goods. d. it is legal to kill cows but not elephants.
Economics