This topic contains a solution. Click here to go to the answer

Author Question: A bank receives a demand deposit of 5,000 . The bank loans out 3,500 of this deposit and increases ... (Read 152 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
A bank receives a demand deposit of 5,000 . The bank loans out 3,500 of this deposit and increases its excess reserves by 500 . What is the required reserve ratio?
 a. 10
  b. 20
  c. 40
  d. 60

Question 2

Who is the leading proponent of the monetarist theory?
 a. John Maynard Keynes
  b. Paul Volcker
  c. Adam Smith
  d. Milton Friedman
  e. Alan Greenspan



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

b

Answer to Question 2

d




Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

For a complete list of videos, visit our video library