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Author Question: If the entire banking system has total deposits of 4 billion and a reserve requirement of 5 percent, ... (Read 74 times)

jrubin

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  • Posts: 552
on: Jun 30, 2018
If the entire banking system has total deposits of 4 billion and a reserve requirement of 5 percent, then the maximum possible amount of loans that the banking system can make equals 2 million.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the demand for grapes increases and the supply of grapes decreases at the same time, we can predict that the:
 a. price of grapes will fall.
 b. price of grapes will rise.
 c. quantity of grapes exchanged will fall.
  d. quantity of grapes exchanged will rise.


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bdobbins

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

False

Answer to Question 2

b


jrubin

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  • Posts: 552
Reply 2 on: Jun 30, 2018
:D TYSM

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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