Refer to the data. If this bank has excess reserves of $6 million, the legal reserve ratio must be:
Answer the question on the basis of the following balance sheet for the First National Bank of Bunco. All figures are in millions.
A. 10 percent.
B. 12 percent.
C. 14 percent.
D. 20 percent.
C. 14 percent.
Economics
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Pressure to redistribute the economic pie is strong when the economy is booming
Indicate whether the statement is true or false
Economics
In short-run perfectly competitive equilibrium, which of the following is alwaystrue?
a. Profit equals zero. b. Profit can be negative, zero, or positive. c. Profit can be zero or positive, but not negative. d. Profit is positive, otherwise firms would not produce.
Economics