Which of the following is the purpose of requiring banks to keep a specific percentage of their deposits on hand in the vault? a. to enable the government to calculate the bank's tax burden more easily b. to make sure customers' demands for withdrawals can be met instantly c. to ensure that banks have enough money to loan to potential customers d. to prevent growth of the money supply from stagnating 2b2t

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Suppose the demand function for a firm's product is given by ln qxd = 7 - 1.5 ln px + 2 ln py - 0.5 ln m + ln a where: px = $15 py = $6 m = $40,000, and a = $350

What is the percentage of total gross domestic productions ( gdp) that oil sales represent to the top ten oil producing countries?