Susan put $375 into an account and one year later had $405 . What interest rate was paid on Susan's deposit?

Excess reserves are:

A. Bank reserves in excess of required reserves. B. Legal reserves in excess of lending reserves. C. Transactions deposits plus traveler's checks. D. Total reserves plus deficient reserves.

A monopolistically competitive firm is like a perfectly competitive firm insofar as

A) both face perfectly elastic demand. B) both make an economic profit in the long run. C) both have MR curves that lie below their demand curves. D) both make zero economic profit in the long run.