Competitive firms consider private costs, but disregard external ...

[frankwu]

Competitive firms consider private costs, but disregard external costs, when making their economic decisions.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If an increase of 10 million in excess reserves increases checkable deposits in the banking system by a maximum of 200 million, the required reserve ratio is:
 a. 0.
 b. 5 percent.
 c. 10 percent.
  d. 20 percent.
  e. 2 percent.

[cam1229]

Answer to Question 1

True

Answer to Question 2

b

[frankwu]

TYSM

[AISCAMPING]

Excellent