Suppose that the Federal Reserve System set the required reserve ratio equal to 0.2 and that the banking system holds $60 billion in excess reserves. If the amount of deposits is $3000 bllion and the amount of currency holdings is $50 billion, then the currency ratio is .02.(Round your response to the nearest two decimal place.) Referring to part a, the excess reserve ratio is .(Round your response to the nearest two decimal place.)

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

What is the cause of smoky exhaust?