Suppose a bank has 100,000 in checking account deposits with no excess reserves and the required reserve ratio is 5 percent. If the Federal Reserve lowers the required reserve ratio to 3 percent, then the bank will now have excess reserves of
A) 0. B) 2,000. C) 3,000. D) 5,000.
Question 2
In order to change inflationary expectations in 1979, the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________.
A) steep inflation; low unemployment
B) deflation; high unemployment
C) disinflation; low unemployment
D) disinflation; high unemployment
E) steep inflation; high unemployment
Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary.
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Example of Reconciling a Bank Statement
Example of Reconciling a Bank Statement Cont.
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Reserves can work for both fish and fishers