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Author Question: A binding price floor i. causes a surplus. ii. causes a shortage. iii. is set at a price above the ... (Read 92 times)

colton

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on: Jun 30, 2018
A binding price floor i. causes a surplus. ii. causes a shortage. iii. is set at a price above the equilibrium price. iv. is set at a price below the equilibrium price.
 a. (i) only
 b. (iii) only
 c. (i) and (iii) only
  d. (ii) and (iv) only

Question 2

If a bank had demand deposits of 50 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. 50 million
 b. 37.5 million
  c. 25 million
 d. 12.5 million


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Jordin Calloway

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

c

Answer to Question 2

b


colton

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

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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