« previous next »

Author Question: The Commerce Bank of Beverly Hills has total deposits of 1,000,000 and total reserves of 220,000. ... (Read 109 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The Commerce Bank of Beverly Hills has total deposits of 1,000,000 and total reserves of 220,000. The desired reserve ratio is 10 percent. The bank's excess reserves are
 
  A) 22,000.
  B) 120,000.
  C) 100,000.
  D) 80,000.
  E) 1,000,000.

Question 2

If wheat farmers would receive a larger gross income from wheat sales when half the total wheat crop was destroyed, the demand for their wheat is
 
  A) elastic.
  B) inelastic.
  C) larger at higher prices.
  D) smaller at higher prices.
  E) unit elastic.


ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

londonang

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary. Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary.
Homeless woman with her possessions on a park bench in Beverly Hills, California. The contrast ... Homeless woman with her possessions on a park bench in Beverly Hills, California. The contrast ...
Biosphere reserves "محميات المحيط الحيوي" Biosphere reserves "محميات المحيط الحيوي"
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library