Suppose Bank of America has checkable deposits of $5,000,000 and a reserve requirement of 10%.  How much do they have in excess reserves?

True or False.  Dollars bills used before 1958 were commodity money.

Mark all that apply.  If the fed lowers the discount rate

True or False.  With productivity low, average levels of unemployment will tend to be somewhat higher on average.

Bank regulation is put in place for which reasons?  Mark all that apply.

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each Compute nominal GDP in year 2 (Enter as a numeric value e.g. 100000)

Select all that apply in terms of GDP measured by the component of demand

The reserve requirement is the

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each Compute nominal GDP in year 2 (Enter as a numeric value e.g. 100000)

Select all that apply in terms of GDP measured by the component of demand