A bank has $200 of reserves and $4,000 of deposits. It is just meeting its desired reserves and has no excess reserves. Thus the desired reserve ratio is
A) 25 percent. B) 10 percent. C) 5 percent. D) $200. E) 20 percent.
C
Economics
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Resources are
A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.
Economics
As long as the marginal revenue curve lies above the horizontal axis,
a. total revenue must exceed total cost b. the total revenue curve must have a positive slope c. marginal revenue must exceed marginal cost d. profit must be rising e. the firm must be earning a profit
Economics