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?

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Suppose the bank's balance sheet looks like this and the bank is required to hold required reserves of 10% of deposits.

Assets Liabilities

Reserves $750

Deposits $7,000

Loans $6,250

How much are the bank's required reserves? How much are the bank's excess reserves? How much more can the bank lend?

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Question : Paid with goods How an economy's production : 3592

Solution 5 (1 Ratings )

Solution

5 (1 Ratings )