Suppose the banks in the Federal Reserve System have $100 billion in transactions accounts, the required reserve ratio is 0.10, and there are no excess reserves in the system. If the required reserve ratio is changed to 0.15, the deficiency of reserves would be

At an interest rate of 6 percent, what would be the present value of receiving $22,000 twelve years from now?

A) $10,934 B) $18,645 C) $19,643 D) $20,755

Which of the following statements about a supply curve is FALSE?

A) It shows a direct (positive) relationship between price and quantity supplied. B) It shows the quantity supplied at each specific price. C) It typically slopes downward to the right. D) It has a positive slope.