Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are
A) $40,000. B) $400,000. C) $1,600,000. D) $16,000,000.
C
Economics
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________ is equal to consumption spending plus planned investment spending plus government purchases plus net exports
A) Planned aggregate expenditure B) Planned inventory investment C) Full employment GDP D) Short-run aggregate supply
Economics
If a cartel is unable to monitor its members and punish those firms that violate the agreement, then
A) the member firms will each act as price setters. B) the cartel will prosper in the long run. C) the market will become a monopoly. D) the cartel will fail.
Economics