Examlex
Suppose that a bank has $100 million in checkable deposits and the required reserve ratio is 0.1.If the bank has $5 million in excess reserves,then its actual reserves must be
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare, including who ultimately pays the tax.
Deadweight Loss
A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
Tax Revenue
The income gained by governments through taxation, used to fund public services and government obligations.
Excise Taxes
Taxes levied on the sale of specific goods and services, often included in the price of products like gasoline, alcohol, and tobacco.
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