Suppose a bank has $600,000 in deposits, a reserve ratio of 20 percent, and bank reserves of $240,000. This bank can make new loans in the amount of
A) $840,000. B) $360,000. C) $120,000. D) $12,000.
C
Economics
You might also like to view...
How does the production possibilities frontier illustrate production efficiency?
What will be an ideal response?
Economics
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. During Period 2, labor productivity is equal to
A. 0.27. B. 0.83. C. 1.2. D. 3.67.
Economics