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Author Question: A bank receives a demand deposit of 2,000 . The bank loans out 1,200 of this deposit and increases ... (Read 130 times)

mp14

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on: Jun 30, 2018
A bank receives a demand deposit of 2,000 . The bank loans out 1,200 of this deposit and increases its excess reserves by 600 . What is the required reserve ratio?
 a. 10
  b. 30
  c. 40
  d. 60

Question 2

If most passenger trains operate far below full capacity and demand is ____, reducing travel fares would be likely to increase total revenue.
 a. inelastic
 b. unit elastic
 c. unit inelastic
  d. elastic


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honnalora

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

a

Answer to Question 2

d


mp14

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

irishcancer18

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Reply 3 on: Yesterday
Excellent

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