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Author Question: Suppose the XYZ bank has excess reserves of 4,000 and demand deposits of 80,000 . If the required ... (Read 46 times)

madam-professor

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on: Jun 30, 2018
Suppose the XYZ bank has excess reserves of 4,000 and demand deposits of 80,000 . If the required reserve ratio is 25 percent, the banks total reserves equal:
 a. 16,000.
  b. 20,000.
  c. 24,000.
  d. 84,000.

Question 2

Ceteris paribus, if an 6 increase in quantity supplied is caused by an 8 increase in price, then:
 a. supply is elastic.
 b. supply is unit elastic.
 c. supply is inelastic.
 d. the supply curve is perfectly vertical.


pallen55

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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