If you invest $500 today, and the value one year from today is $1000, then the annual interest rate must be

Cynthia is an Oklahoma wheat farmer. The demand for her wheat is

A) perfectly inelastic. B) inelastic but not perfectly inelastic. C) elastic but not perfectly elastic. D) perfectly elastic. E) unit elastic.

If a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can lend: a. $4,000

b. $16,000. c. no more than $4,800. d. no less than $3,000. e. $1,000.