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Misha Larkins [42]
3 years ago
11

Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks

must pay a specific fraction of their assets in taxes. B. Banks must get government approval for all loans. C. Banks must keep a specific percentage of deposits on hand. D. Banks reserve the right to raise interest rates at any time.
Business
1 answer:
ikadub [295]3 years ago
5 0

Answer:A,B,E,F

Explanation:

Just took the test

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Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
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Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

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Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

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