If a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can lend:
a. $4,000
b. $16,000.
c. no more than $4,800.
d. no less than $3,000.
e. $1,000.
c
Economics
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The formula for total fixed cost is
A) TFC = TVC - TC. B) TFC = TC - TVC. C) TFC = TC/TVC. D) TFC = TC + TVC.
Economics
If two firms produce the same product but have different supply curves,
A) this would indicate that some other variable differs across the two firms. B) this would indicate that all variables are the same across the two firms. C) this would indicate that one or both of the firm's managers are misinformed. D) this would indicate a need for government regulation.
Economics