Bank A holds $1 million in required reserves and the required reserve ratio is 9 percent. It follows that Bank A holds checkable deposit liabilities that total approximately
A) $111 million.
B) $11.11 million.
C) $90 million.
D) $900 million.
B
Economics
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The quantity of U.S. dollars supplied in the foreign exchange market is
A) the same as the quantity of for U.S. dollars demanded. B) negatively related to the exchange rate. C) fixed at any given exchange rate. D) unrelated to the exchange rate. E) positively related to the exchange rate.
Economics
OPEC provides an example of:
A. an unwritten, informal understanding. B. noncollusive oligopoly. C. an international cartel. D. a monopolistically competitive industry.
Economics