The figures in the table below are for a single commercial bank. All figures are in thousands of dollars.
Refer to the data given above. If the required reserve ratio is 10 percent, the bank has excess reserves of:
A. $28,000
B. $22,000
C. $18,000
D. $16,000
B. $22,000
Economics
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The above figure shows a perfectly competitive firm. If the market price is $5 per unit, the firm
A) will definitely shut down to minimize its losses. B) will stay open to produce and will make zero economic profit. C) will stay open to produce and will incur an economic loss. D) will stay open to produce and will make an economic profit. E) might shut down but more information is needed about the fixed cost.
Economics
Refer to Table 11.1. What is the value of personal consumption expenditures?
A) $3,000. B) $1,000. C) $4,350. D) $2,350.
Economics