Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's required reserves?
A) $30 million
B) $70 million
C) $100 million
D) $300 million
Ans: A) $30 million
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The law of diminishing marginal returns:
a. states that each and every increase in the amount of the variable factor employed in the production process will yield diminishing marginal returns b. is a mathematical theorem that can be logically proved or disproved c. is the rate at which one input may be substituted for another input in the production process d. none of the above
The prisoner's dilemma is a game in which: a. the gains from pursuing self-interest are greater than the gains from cooperation
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