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Author Question: Assume that the reserve requirement is 10 percent. A 1,000 cash deposit into a savings account will ... (Read 108 times)

leo leo

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on: Jun 30, 2018
Assume that the reserve requirement is 10 percent. A 1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____.
 a. 10,000.
  b. 500.
  c. 100.
  d. 1,500.
  e. 10.

Question 2

When supply shifts to the left, it would make the surplus from a price floor smaller, other things equal.
 a. True
  b. False
  Indicate whether the statement is true or false


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mcarey591

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

c

Answer to Question 2

True


leo leo

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

nanny

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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