If Mellon Bank has demand deposits of $6 billion and excess reserves of $50 million, and the reserve requirement is 10%, the bank's actual reserves are

The trade of an economy is said to be balanced if: a. the monetary value of exports is greater than the monetary value of imports. b. the monetary value of exports is equal to the monetary value of imports

c. the physical volume of exports is equal to the physical volume of imports. d. the physical volume of exports is greater than the physical volume of imports.

When the MPC = 0.9, the multiplier is

A) 0.20. B) 1.25. C) 2.50. D) 5.00. E) 10.00.