Demand deposits $300 million Time deposits: Original maturity (less than 18 months): $200 million Original maturity (over 18 months): $400 million Use the information above to find the bank's required reserves.

Rachel usually takes long coffee breaks and works less whenever her boss is out of town for business

However, she started taking shorter breaks when the Human Resource Manager at her company announced that each employee will henceforth be paid a performance-based incentive every month. What explains her behavior before and after the announcement of the new policy?

Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105 . If inflation was 2 percent during the year the money was deposited, then Bob's purchasing power has increased by 3 percent

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