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Author Question: Assume that the reserve requirement is 10 percent. If a bank has total deposits of 80 million, then ... (Read 55 times)

MGLQZ

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on: Jun 30, 2018
Assume that the reserve requirement is 10 percent. If a bank has total deposits of 80 million, then the required reserves must equal:
 a. 80 million.
  b. 12 million.
  c. 50 million.
  d. 8 million.
  e. 10 million.

Question 2

If a price floor is not binding, then it will have no effect on the market.
 a. True
  b. False
  Indicate whether the statement is true or false


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smrtceo

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

d

Answer to Question 2

True


MGLQZ

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
Wow, this really help

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