Consider the following T-account for National City Bank:
Assets Liabilities
Reserves $10,000 Deposits $100,000
Loans $90,000
If the required reserve ratio is lowered to 8 percent, how much can National City loan out?
A) $10,000
B) $8,000
C) $2,000
D) $0
Answer: C
Economics
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Which of the following is true at the output level where P=MC?
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Economics