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Author Question: Suppose the desired reserve ratio is 10 percent. If Urban Bank has total deposits of 1,000 and total ... (Read 113 times)

Metfan725

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on: Jun 29, 2018
Suppose the desired reserve ratio is 10 percent. If Urban Bank has total deposits of 1,000 and total assets of 10,000, the amount of desired reserves is
 
  A) 100.
  B) 900.
  C) 1,000.
  D) 9,000.
  E) 1,100.

Question 2

The price of a tomato increases and people buy more lettuce. You infer that lettuce and tomatoes are ________.
 
  A) complements
  B) normal goods
  C) substitutes
  D) inferior goods


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31809pancho

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Metfan725

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

AmberC1996

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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