Refer to Table 9-3. If the required reserve ratio is 10%, what is the amount of excess reserves held by Alpha-Beta Bank?
A) $25 million
B) $40 million
C) $60 million
D) $75 million
Ans: B) $40 million
Economics
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Which of the following is an example of negotiation costs?
A) Isabel knows that other neighbors' sleep patterns must also be affected by the howling dogs in her neighborhood and sets out to find those neighbors. B) Isabel is bound and determined to to find out which of her neighbors owns the howling dogs that are preventing her from getting a full night's slee
Economics
The monetary policies carried out by the Fed
A. must be ratified by Congress. B. must be consistent with fiscal policies passed by Congress. C. are sometimes inconsistent with fiscal policy. D. must be approved by the president.
Economics