The commercial banks on Sunny Island have checking deposits of 4 million, reserves of 600,000, and loans of 2.4 million. The desired reserve ratio is 10 percent. The banks have ________ of desired reserves and ________ of excess reserves.
A) 600,000; 0
B) 400,000; 200,000
C) 400,000; 600,000
D) 600,000; 200,000
Question 2
The above figure shows the apartment market in Big City. A rent ceiling of 1100 would
A) not create a black market.
B) create a shortage of apartments.
C) decrease search activity.
D) shift the supply curve rightward.
Species richness increases with island size.
A blue whale surfaces off Santa Cruz Island in the Channel Islands, near Santa Barbara, CA
Amsterdam Albatross or Amsterdam Island Albatross, Diomedea amsterdamensis
Japanese Macaque washing her sweet potatoes in seawater on Koshima Island, Japan.
During World War I, advancing armies unloosed ferocious artillery barrages to destroy deeply entrenc