Any bank that uses deposits to make loans:
a. operates on a 100 percent reserve system
b. operates on a fractional reserve system.
c. does not operate on a reserve system.
d. does not keep reserves in its vaults.
e. charges an interest rate determined by the reserve ratio.
b
Economics
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If the demand for KFC chicken is price elastic, a fall in the price of KFC chicken will raise the total revenue
Indicate whether the statement is true or false
Economics
In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits?
A) The demand curve will shift to the left and became more elastic. B) The demand curve will shift to the left and became less elastic. C) The demand curve will shift to the right and became more elastic. D) The demand curve will shift to the right and became less elastic.
Economics