If a bank receives a $7,500 deposit and the required reserve ratio is 20%, how much of this deposit can be loaned out?
a) $1,500
b) $2,000
c) $6,000
d) $7,500
Ans: c) $6,000
Economics
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Refer to the graph below. What could cause the consumer equilibrium point to shift from point a to point b?
A. The consumer's income increased
B. The price of good 1 decreased
C. The price of good 1 increased
D. The consumer's income decreased
Economics
The demand for capital by a firm is based on the demand for the product that the capital produces. This relationship is referred to as
A. cost minimization. B. resource utilization. C. derived demand. D. product demand.
Economics