Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 2 percent, an initial deposit of $500 will lead to a total increase in deposits of

The official poverty measurements include a family's "in-kind" income

Indicate whether the statement is true or false

What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85?

A. $325 B. $5,500 C. $1,175 D. $2,750