Author Question: Suppose the XYZ bank has excess reserves of 4,000 and demand deposits of 80,000 . If the required ... (Read 62 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
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

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library