The demand for labor is
A) derived from the demand for the final product of the firm.
B) derived from the satisfaction that hiring labor provides the owner of the firm.
C) derived from the satisfaction workers get for being employed.
D) derived from a utility-maximizing process similar to that used to derive the demand curve for all workers in a given industry.
A
Economics
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Assuming a required reserve ratio of 8%, interest rate on reserves of 0.5%, and interest rate on loans of 4%, what is the effective cost of the reserve requirement on a $1000 deposit?
A) 0.05% B) 0.28% C) 0.32% D) 4%
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