If a bank receives a new transaction deposit of $10,000 and the reserve ratio is 5 percent, then the bank could expand its loans by as much as
A. $500.
B. $200,000
C. $9,500.
D. $10,000.
Answer: C
Economics
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When the economy slows down:
A. firms contract their operations. B. demand for workers decreases. C. GDP growth is slowing or negative. D. All of these are true.
Economics
Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
Refer to Table 30.1. What is the real wage rate in 2015 using 2014 as the base year?
A. $7.14 B. $9.80 C. $10.00 D. $14.00
Economics