Author Question: Actual reserves are equal to A) required reserves plus fractional deposits. B) excess reserves ... (Read 126 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
Actual reserves are equal to
 
  A) required reserves plus fractional deposits.
  B) excess reserves plus liabilities.
  C) minimum balances plus desired reserves.
  D) government securities plus cash in the bank's vault.
  E) desired reserves plus excess reserves.

Question 2

You buy new water skis and other new equipment for 2,500 and take a week off of your job, where you earn 1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States. You think that the week was worth 4,000.
 
  As a result of your vacation, GDP changes by how much?



amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

E

Answer to Question 2

GDP changes by only the 2,500 you spent on the water skis and other equipment.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library