A bank determines that it is prudent to hold $4 for every $1…

A bank determines that it is prudent to hold $4 for every $100 in deposits. The bank holds surplus reserves of $12,000 and actual reserves of $15,000. What is the bank’s desired reserve ratio and its desired reserves? The bank’s desired reserve ratio is [ratio]% and its desired reserves is $[reserves].

The table sets out some data for an economy. Item…

The table sets out some data for an economy. Item (dollars) Consumption expenditure 6,300 Indirect taxes less subsidies 500 Interest, rent, and profit 250 Investment 90 Government expenditure 190 Wages 5,000 Net exports -500 Use the expenditure approach to calculate GDP. GDP is: $