This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A bank receives a demand deposit of 2,000 . The bank loans out 1,200 of this deposit and increases ... (Read 155 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
A bank receives a demand deposit of 2,000 . The bank loans out 1,200 of this deposit and increases its excess reserves by 600 . What is the required reserve ratio?
 a. 10
  b. 30
  c. 40
  d. 60

Question 2

If most passenger trains operate far below full capacity and demand is ____, reducing travel fares would be likely to increase total revenue.
 a. inelastic
 b. unit elastic
 c. unit inelastic
  d. elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

honnalora

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


mp14

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Gene duplication increases genetic complexity Gene duplication increases genetic complexity
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Bank teller assisting with customer service. Bank teller assisting with customer service.
The signal voltage from a throttle position increases as the throttle is opened because the wiper ... The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library