Evidence shows that flexible exchange rates have created a destabilizing speculation in the foreign exchange market

Imagine that Wingate National is a new bank, and that the legal reserve requirement is 10 percent. If it accepts a $1,000 deposit, then its required reserves balance is

a. $0 b. $90 c. $100 d. $900 e. $910

Firms use collective bargaining to set higher market prices for their products

a. True b. False Indicate whether the statement is true or false