A single commercial bank must meet a 25 percent reserve requirement. If it initially has no excess reserves and then $2,000 in cash is deposited in the bank, it can increase its loans by a maximum of:

Refer to the scenario above. If the starting bid is $250, ________ will win the auction and will have to pay ________ for the painting

A) Bob; $250 B) James; $400 C) Rachel; $450 D) Joe; $400

Although current U.S. tariffs are quite low on average, tariffs remain high for some products

Indicate whether the statement is true or false