The minimum amount of reserves the Fed requires a bank to hold

a. is the excess reserve requirement
b. is the legal reserve requirement
c. is the deposit requirement
d. depends on the interest rate
e. depends on the money supply

B

Economics

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Tracy won a $100 million jackpot. She can receive the jackpot as a $5 million payment each year for 20 years, or she can ask to receive the present value of all those payments all at once now. Assume an annual interest rate of 5 percent. If she decides to take the present value payment, about how much will she receive?

A. $52.1 million B. $62.3 million C. $71.4 million D. $78.6 million

Economics

Final goods and services refer to ________.

A. goods and services that are unsold and therefore added to inventories B. goods and services purchased by ultimate users, rather than for resale or further processing C. goods and services whose value has been adjusted for changes in the price level D. the excess of U.S. exports over U.S. imports

Economics