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Author Question: If a bank receives a new checkable deposit of 10,000 . and the required reserve ratio is 20 percent, ... (Read 98 times)

laurencescou

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on: Jun 30, 2018
If a bank receives a new checkable deposit of 10,000 . and the required reserve ratio is 20 percent, then the bank can lend out:
 a. 2,000.
  b. 10,000.
  c. 40,000.
  d. 8,000.
  e. 0.

Question 2

One reason that a poor nation remains poor over time is that even though total national real GDP grows,
 a. c and e.
  b. c, d, and e.
  c. it is too small to begin with.
  d. the growth rate is smaller than the growth rate of industrialized nations.
  e. it does not grow faster than population.


Kingjoffery

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

d

Answer to Question 2

e


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