The way to prevent the national debt from growing is for the budget not to be in deficit
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose the banking system currently has 300 billion in reserves that the reserve requirement is 10%, and that $3 billion of the reserves are excess reserves that will not be lent out. What is the value of deposits?
A. $3300 billion B. $2970 billion C. $2673 billion
Economics
The existence of a "bought deal" in public offerings of bonds came about as a result of
A) shelf registration. B) a narrow underwriting spread. C) the need of investment banks to form syndicates before underwriting an issue. D) the need by underwriters to avoid as much risk as possible.
Economics