Author Question: If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can ... (Read 46 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
If a bank has 6,000 in checkable deposits and the required reserve ratio is 0.2, then the bank can lend:
 a. 4,000.
 b. 16,000.
 c. no more than 4,800.
  d. no less than 3,000.
  e. 1,000.

Question 2

_____ is the reward savers earn for deferring consumption.
 a. Dividend
  b. Wage
 c. Rent
 d. Profit
 e. Interest



dyrone

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

c

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library