A perfectly elastic demand curve is vertical. a. True b. False ...

[debasdf]

A perfectly elastic demand curve is vertical.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the reserve requirement was 5 and a bank customer makes a deposit of 1,000, the initial result would be:
 a. a 950 increase in required reserves and a 50 increase in excess reserves.
  b. a 20,000 increase in required reserves and a 950 increase in excess reserves.
  c. a 50 increase in required reserves and a 20,000 increase in excess reserves.
  d. none of the above

[bimper21]

Answer to Question 1

False

Answer to Question 2

d

[debasdf]

Thanks for the timely response, appreciate it

[smrtceo]

Excellent