Given a desired reserve ratio of 20 percent, a commercial bank that has received a new deposit of $100 can make additional loans of
A) $0.
B) $20.
C) $80.
D) $120.
C
Economics
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If the price of a good is decreased and total revenue received from the sale of this good does not change, then the price elasticity of demand for the good is
A) elastic. B) inelastic. C) unitary. D) None of the above
Economics
As disposable income decreases, consumption
A. decreases. B. may either increase or decrease. C. may either increase or decrease depending on the MPC. D. increases.
Economics