LFCHS economics team comes home from New York City as national champions

Little Falls Community High School students and their coach (from left): Students Aaron Nilsen, Brian McNamara, Travis Spillum, and Eric Schmidt with coach Tom Stockard, took first place in the National Economics Challenge held in New York City.

By Liz Verley, Staff Writer 

Question: If a bank currently has no excess reserves and has a reserve requirement of 10 percent, how much will excess reserves grow by if the FOMC buys a $10,000 bond from the bank and what is the potential growth in the money supply?

  
Load comments