Suppose Warren Buffet withdraws $1 million from his checking account at Chase Bank. If the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
A) -$5 million B) -$4 million C) -$200,000 D) $1 million E) $5 million
A
Economics
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Patents are a source of:
A) legal market power. B) natural market power. C) regulated market power. D) firm-biased market power.
Economics
Which of the following would NOT be a sign that China wants to become a high technology producer?
A) More patents are being sought and granted in China. B) Large spending on infrastructure C) Rapid expansion of science, engineering and research D) Less emphasis on education spending
Economics