Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the legal reserve requirement is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?

A central bank commitment to a ________ rule for monetary growth can be conveyed by maintaining a ________ exchange rate

A) rigid, fixed B) rigid, flexible C) flexible, fixed D) non-inflationary, flexible

Which of the following people would be counted in the labor force?

a. Chou, who lost his job and last looked for work three months ago b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant c. Jordan, who would like to work as a stockbroker but is a stay-at-home father d. Steffan, who is a patient in a mental hospital e. Monique, age 90, who is enjoying her retirement in Montana