Refer to the data. The commercial banking system has excess reserves of:
Answer the question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions.
A. $0 billion.
B. $30 billion.
C. $60 billion.
D. $70 billion.
A. $0 billion.
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Why is it that North-South trade in manufactures seems to be consistent with the results or expectations generated by the factor-proportions theory of international trade, whereas North-North trade is not?
What will be an ideal response?
An economic analysis of the relationship between proposed legislation affecting major employers in each state and the voting patterns of senators and representatives in Congress on that legislation would fit within the subcategory of economics called:
A. the economics of fiscal policy. B. public choice theory. C. behavioral economics. D. monetarism.