A famous cartel that dramatically increased the price of oil in the mid-1970s was

If the reserve requirement is currently 20%, what is the maximum amount of money that could be generated from a $2,000 bank deposit?

a) $1,600 b) $2,000 c) $4,000 d) $10,000

"Economic profits are less than or at most equal to accounting profits." Do you agree or disagree? Explain

What will be an ideal response?