Question : Paid with goods
How an economy's production : 3592
Paid with goods
How are an economy's production possibilities affected when workers are paid in goods rather than in cash?
Min 250 words required
Suppose the bank's balance sheet looks like this and the bank is required to hold required reserves of 10% of deposits.
How much are the bank's required reserves? How much are the bank's excess reserves? How much more can the bank lend?