Let’s suppose that a bank has $600 million in total deposits. this bank is subject to a 20% required reserve ratio and has $100 million in reserves. which of the following statements is correct?
choose one:
a. the bank has insufficient reserves. it needs an additional $20 million to meet the reserve requirement.
b. the bank has no excess reserves.
c. the bank has insufficient reserves. it needs an additional $480 million to meet the reserve requirement.
d. the bank has $20 million in excess reserves.
e. the bank has $100 million in excess reserves.

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs