Which of the following serve as the language of the market system?

If the required reserve ratio is equal to 10 percent, a single bank can increase its loans up to a maximum amount equal to

A) its excess reserves. B) 10 times its excess reserves. C) 10 percent of its excess reserves. D) its total reserves.

When discussing rules that governments use to intervene in a market, we can take a ________ approach where we discuss what governments should do, or a ________ approach where we discuss what governments actually do

A) normative; positive B) positive; normative C) optimistic; cynical D) bipartisan; normative