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Author Question: The flatter the demand curve passing through a given point, the less elastic the demand curve at ... (Read 92 times)

cdr_15

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  • Posts: 546
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


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Brummell1998

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

False

Answer to Question 2

b


cdr_15

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  • Posts: 546
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amynguyen1221

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Reply 3 on: Yesterday
:D TYSM

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