Ninth National Bank holds $200 million in checkable deposits and $18,000,000 in total reserves. With a required reserve ratio of 8 percent, how much in excess reserves is Ninth National holding?

Rent controls and controls on other prices often aggravate the very problem they are intended to solve

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

Generally speaking, markets do a(n) ____ job of reconciling the demands of fairness and efficiency.

A. excellent B. above-average C. average D. poor