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Author Question: Suppose Warren Buffet withdraws 1 million from his checking account at Chase Bank. If the required ... (Read 146 times)

silviawilliams41

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Suppose Warren Buffet withdraws 1 million from his checking account at Chase Bank. If the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?
 
  A) -5 million B) -4 million C) -200,000 D) 1 million E) 5 million

Question 2

Income inequality in the United States has increased somewhat over the past 25 years. Two factors that appear to have contributed to this are
 
  A) rapid technological change and expanding international trade.
  B) strong economic growth and low inflation.
  C) tax cuts on high-income individuals and large increases in prices of stocks.
  D) outsourcing of jobs by U.S. firms and cuts in taxes on capital gains.


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ky860224

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silviawilliams41

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


LVPMS

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Reply 3 on: Yesterday
Wow, this really help

 

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