The industrially advanced nations had an average per capita income in 2010 of around:

If real salaries increase but nominal salaries do not, this means that

A) the purchasing power of money has decreased. B) prices have risen. C) prices have not changed. D) prices have fallen.

Bank A has $25,000 in total reserves, and zero excess reserves. The required reserve ratio is 5 percent. Bank A has total deposits of

a. $1,250. b. $25,000. c. $250,000. d. $5,000,000