Name two types of jobs most likely affected by seasonal unemployment.
What will be an ideal response?
Question 2
A bank currently has 50 million in deposits, 6 million in cash in the vault, 4 million on deposit with the Fed, and 5 million in government securities. The reserve ratio is 20 percent. A new deposit is made of 1 million.
What is the maximum size loan the bank can make once the check clears?
A) 1 million B) 5.8 million C) 800,000 D) 0