Q. Explain illustrate what the term "price taker" means; also indicate the relationship of which term to the term "marketplace power".
Give the reasons why a monopoly may arise also provide real-world examples
Q. Yesterday bank A had no excess reserves. Today it received a new deposit of $5000.
a. If the bank maintains a reserve requirement of 2 percent (%),illustrate what is the maximum loan which bank A can make?
b. Illustrate what is the maximum amount by which funds provide can be increased as a result of bank A's new loan