Based on evidence from the turn of the century, the income elasticity of flour and meal

Refer to the table above. If there is no statistical discrepancy, the sum of all three balance of payments accounts equals

A) -$20 billion. B) +$220 billion. C) +$20 billion. D) zero E) +$200 billion.

When a bank receives a check drawn on an account from another commercial bank, the bank gains

A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.