Assume that the reserve requirement is 10 percent. A 1,000 cash ...

[leo leo]

Assume that the reserve requirement is 10 percent. A 1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____.
 a. 10,000.
  b. 500.
  c. 100.
  d. 1,500.
  e. 10.

Question 2

When supply shifts to the left, it would make the surplus from a price floor smaller, other things equal.
 a. True
  b. False
  Indicate whether the statement is true or false

[mcarey591]

Answer to Question 1

c

Answer to Question 2

True

[leo leo]

Thanks for the timely response, appreciate it

[smrtceo]

YES! Correct, THANKS for helping me on my review