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Author Question: A price floor will be binding only if it is set a. equal to the equilibrium price. b. above the ... (Read 94 times)

jazziefee

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on: Jun 30, 2018
A price floor will be binding only if it is set
 a. equal to the equilibrium price.
 b. above the equilibrium price.
 c. below the equilibrium price.
 d. either above or below the equilibrium price.

Question 2

If a bank had demand deposits of 80 million and it faced a 25 percent required reserve ratio, it would be able to have a maximum amount of how many dollars worth of loans?
 a. 20 million
  b. 40 million
  c. 60 million
  d. 80 million


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iman

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

b

Answer to Question 2

c


jazziefee

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  • Posts: 505
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

diana chang

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Reply 3 on: Yesterday
Excellent

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