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Author Question: Given the following information about Gotham Bank: Bank Deposits 50,000 Loans 34,000 Reserves ... (Read 70 times)

tingc95

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on: Jun 30, 2018
Given the following information about Gotham Bank:
 
  Bank Deposits 50,000
  Loans 34,000
  Reserves 12,000
  Reserve Requirement 20 percent
 
  Gotham Bank is holding ________ in excess reserves.
  A) 22,000 B) 12,000 C) 2,000 D) -2,000

Question 2

Which of the following illustrates a burden of the national debt?
 
  A) Future generations will have to pay lower taxes to finance the national debt.
  B) A large debt decreases the amount of capital, thereby decreasing future incomes.
  C) The current generation receives a higher level of government services.
  D) The current generation pays a higher level of taxes.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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matt95

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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