« previous next »

Author Question: The Commerce Bank of Beverly Hills has total deposits of 1,000,000 and total reserves of 220,000. ... (Read 115 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The Commerce Bank of Beverly Hills has total deposits of 1,000,000 and total reserves of 220,000. The desired reserve ratio is 10 percent. The bank's excess reserves are
 
  A) 22,000.
  B) 120,000.
  C) 100,000.
  D) 80,000.
  E) 1,000,000.

Question 2

If wheat farmers would receive a larger gross income from wheat sales when half the total wheat crop was destroyed, the demand for their wheat is
 
  A) elastic.
  B) inelastic.
  C) larger at higher prices.
  D) smaller at higher prices.
  E) unit elastic.


ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

londonang

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary. Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary.
World oil reserves World oil reserves
Homeless woman with her possessions on a park bench in Beverly Hills, California. The contrast ... Homeless woman with her possessions on a park bench in Beverly Hills, California. The contrast ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Heart sounds

For a complete list of videos, visit our video library