Author Question: The flatter the demand curve passing through a given point, the less elastic the demand curve at ... (Read 84 times)

cdr_15 · **on:** Jun 30, 2018

The flatter the demand curve passing through a given point, the less elastic the demand curve at that point.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A commercial bank has 1,000,000 of outstanding demand deposits and actual reserves of 300,000 . If the required reserve ratio is 20 percent, what is the maximum amount of new loans the bank can extend?
a. zero
b. 100,000
c. 300,000
d. 700,000