Author Question: Assume that the Federal Reserve has purchased a 1,000 security from an individual, the required ... (Read 43 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
Assume that the Federal Reserve has purchased a 1,000 security from an individual, the required reserve ratio is 20 percent, and that individual deposits the proceeds in his bank. What is the increase in excess reserves for this bank?
 
  a. 200
  b. 1,000
  c. 1,200
  d. 800
  e. 2,000

Question 2

Roads during the 1800s proved to be a preferred transportation alternative to railroads and thus competed successfully for profits.
 
  Indicate whether the statement is true or false



ktidd

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

D

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library