If Jin-Ho buys a personal computer to maintain household financial records and prepare budgets, he
a. will spend less time in nonmarket work
b. will spend more time engaged in leisure activities
c. will increase the productivity of market work
d. is less likely to hire tax preparation services on the market
e. is less likely to prepare his own income tax returns at home
D
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Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the legal reserve requirement is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?
a. $2 million b. $4 million c. $10 million d. $16 million e. $20 million
Which of the following is not a constraint on deposit creation?
A. The reserve requirement increases. B. The interest rate falls, making borrowing less costly for businesses and consumers. C. Banks become less willing to lend money to businesses and consumers. D. Businesses and consumers stop using and accepting checks or debit cards.