I am blessed and have been blessed since the day that I was born with many examples of life. I am the youngest of five so, I have seen the lives of my siblings unfold in front of me and this has taught me more about life than anything else. Each of my siblings has their own stories and troubles that they have lived thought and more than anything they have taught me how every person's life is different and you may come from the same place but your life can be vastly different. Of my siblings only
The First National Bank has reserves of $200,000 and demand deposits equal to $1,500,000. The reserve ratio is 10 percent. How much in excess reserves does the bank now have? What is the maximum amount the bank could currently lend out? try to work it out, and show all work. (TCO F) Suppose nominal GDP in 2000 was $8 trillion and in 2001 it was $10 trillion. The general price index in 2000 was 100 and in 2001 it was 105. Between 2000 and 2001 real GDP rose by what percent? Show your work.