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Author Question: A price floor will be binding only if it is set a. equal to the equilibrium price. b. above the ... (Read 90 times)

jazziefee

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on: Jun 30, 2018
A price floor will be binding only if it is set
 a. equal to the equilibrium price.
 b. above the equilibrium price.
 c. below the equilibrium price.
 d. either above or below the equilibrium price.

Question 2

If a bank had demand deposits of 80 million and it faced a 25 percent required reserve ratio, it would be able to have a maximum amount of how many dollars worth of loans?
 a. 20 million
  b. 40 million
  c. 60 million
  d. 80 million


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iman

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

b

Answer to Question 2

c


jazziefee

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

xiazhe

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Reply 3 on: Yesterday
Excellent

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