Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank's required reserves equal $500 million, then the bank has excess reserves of:
a. $100 million.
b. $350 million.
c. $400 million.
d. $450 million.
e. $500 million.
d
Economics
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In which market structure(s) might firms produce an undifferentiated product?
a. perfect competition only b. perfect competition and oligopoly c. monopolistic competition only d. perfect competition and monopolistic competition e. monopoly only
Economics
As the price of flour (an input in the production of cookies) increases, firms that produce cookies will:
A. increase the quantity of cookies supplied. B. decrease the quantity of cookies supplied. C. decrease the supply of cookies. D. increase the supply of cookies.
Economics