In a simultaneous game, players look forward and think back

In the economy of Briskland, the commercial banks have deposits of $500 billion. Their reserves are $50 billion, 80 percent of which is in deposits with the Central Bank

There is $20 billion in Central Bank notes outside the banks, and there are no coins. a) What is the monetary base? b) If all the deposits are money, what is the total quantity of money? c) What is the banks' reserve ratio? d) What is the currency drain as a percentage of the quantity of deposits?

The intent of parity pricing is to

a. protect small farms from predatory larger farms b. maintain farmers' purchasing power c. provide incentives for farmers to produce d. generate surplus food to feed the needy e. enhance the effects of technology in agriculture