Suppose the desired reserve ratio is 10 percent. If Urban Bank ...

[Metfan725]

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

[31809pancho]

Answer to Question 1

A

Answer to Question 2

C

[Metfan725]

Thanks for the timely response, appreciate it

[kthug]

TYSM