This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Billy Bob's National Bank of Slingblade confronts a 10 percent reserve requirement and has excess ... (Read 78 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
If Billy Bob's National Bank of Slingblade confronts a 10 percent reserve requirement and has excess reserves of 20,000, what is the maximum amount of additional loans that the bank can extend?
 a. 2,000
 b. 18,000
 c. 20,000
 d. 200,000

Question 2

Suppose that a labor union negotiates an increase in wages of 4 percent for the coming year because annual inflation for the past five years has been 4 percent. The expectations formed by the union are:
 a. pessimistic expectations.
  b. deductive expectations.
  c. rational expectations.
  d. adaptive expectations.
  e. optimistic expectations.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Any number of crossovers gives 50 percent recombinants Any number of crossovers gives 50 percent recombinants
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ... The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library