Asystem that permits banks to hold less than 100 percent of their deposits as reserves is called a a. federal reserve system. b. fractional reserve banking system. c. partially funded deposit insurance system. d. gold standard banking system.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: