The widespread availability of e-mail has likely increased the ...

[Deast7027]

The widespread availability of e-mail has likely increased the price elasticity of demand for the services of the U.S. Postal Service.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A bank's assets consist of 1,000,000 in total reserves, 2,100,000 in loans, and a building worth 1,200,000 . Its liabilities and capital consist of 3,000,000 in demand deposits and 1,300,000 in capital. If the required reserve ratio is 20 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?
 a. 600,000; 600,000
 b. 600,000; 3,000,000
  c. 400,000; 400,000
 d. 400,000; 2,000,000

[rnehls]

Answer to Question 1

True

Answer to Question 2

c

[Deast7027]

Excellent

[dantucker]

TYSM