This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the reserve requirement is 10 percent and a person deposits 1,500 in a local bank. The local ... (Read 70 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Suppose the reserve requirement is 10 percent and a person deposits 1,500 in a local bank. The local bank can now create a maximum of:
 a. 150 in additional money, by lending 150.
  b. 15,000 in additional money, by lending 15,000.
  c. 1,500 in additional money, by lending 1,500.
  d. 1,350 in additional money, by lending 1,350.
  e. 135 in additional money, by lending 135.

Question 2

A price floor set above the equilibrium price is not binding.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Excellent

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts. The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts.
Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Local Anesthesia in Dentistry Local Anesthesia in Dentistry
Selected Local Anesthetics Selected Local Anesthetics
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Bipolar Disorder

For a complete list of videos, visit our video library