The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What would be the total increase in loans at this bank if all excess reserves were loaned out?
A) 528 million
B) 352 million
C) 232 million
D) 0
Question 2
Using calculations of the cost to Americans per job saved in protected industries, it can be concluded that
A) import quotas are an efficient way to redistribute income.
B) each job saved is worth more than the cost imposed on consumers per job saved.
C) each job saved is worth less than the cost imposed on consumers per job saved.
D) tariffs are an efficient way to redistribute income to disadvantaged groups.
