Which of the following characteristics does perfect competition have in common with monopolistic competition?
a. price-taking firms
b. homogeneous products
c. no barriers to entry
d. horizontal demand curve
e. neither market advertises
C
Economics
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If banks were required to keep 100% of deposits in reserves, they could
A) make more loans. B) make no loans. C) create more deposits. D) only use required reserves for loans.
Economics
Refer to Table 9-3. What is the value of the bank's total reserves?
A) $25 million B) $75 million C) $100 million D) $200 million
Economics