Answer:
The correct answer is letter "B": a leftward shift of the demand curve because of the high price.
Explanation:
The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.
Explanation:
The most common measure of inflation is a statistic called the Consumer Price Index (CPI).
Answer: 2) As per your verbal instruction, changes to your account will post on Tuesday.
Explanation: This sounds the most professional and businesslike.
Hope this helps! :)
Answer:
Option (A) $130,000,000
Explanation:
Data provided in the question:
Excess reserves = $80,000,000
Checkable deposits = $500,000,000
Reserve requirement by the bank = 10%
Now,
The bank’s total amount of reserves will be
⇒ Reserve requirement × Checkable deposits
or
= 10% × $500,000,000
= 0.10 × $500,000,000
= $50,000,000
Hence,
the total amount of reserve = Required reserve + Excess reserves
= $80,000,000 + $50,000,000
= $130,000,000
Option (A) $130,000,000
