1a.) Exhibit 11-2 BANK B Assets Liabilities $30,000 $200,000 $ 0 Refer to Exhibi
ID: 1210794 • Letter: 1
Question
1a.)
Exhibit 11-2
BANK B
Assets
Liabilities
$30,000
$200,000
$ 0
Refer to Exhibit 11-2. Rachel took a $100 bill she was keeping at home and deposited it in her checking account at Bank B. The maximum change in the checkable deposits brought about by the banking system will be
$667.
$400.
$567.
$900
$1,000.
1b.)
Exhibit 17-1
United States
France
Good X
Good Y
Good X
Good Y
120
0
60
0
80
10
40
20
40
20
20
40
0
30
0
60
Refer to Exhibit 17-1. Considering the data, which of the following terms of trade would both countries agree to?
4.5X = 1Y
0.5X = 1Y
5X = 1Y
3X = 1Y
1c.)
If you believe the economy is self-regulating, you are more likely to be a(an) ____ than a(an) ____.
nonactivist; activist
Keynesian; monetarist
activist; nonactivist
advocate of fiscal policy; advocate of monetary policy
b and d
BANK B
Assets
Liabilities
Required Reserves$30,000
Checkable Deposits$200,000
Excess Reserves$ 0
Explanation / Answer
1)A
$567
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