If your bank faces a 20 percent required reserve ratio and receives a checkable deposit of $4,000 . it can make additional loans worth a maximum of:

An advantage of proprietorships is

A) the ease with which they can be formed and dissolved. B) their ability to raise large amounts of equity capital. C) the fact that their profits are not taxed. D) the breadth of management expertise that comes from having a board of directors.

Demand curves are negatively sloped when people buy:

a. less as the price decreases. b. more as the price increases. c. the same amount as the price changes. d. more as the price decreases. e. less as incomes decrease.