New crop that would replace corn as the primary feedstock

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Reference no: EM1312288

Q1. Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass?

Q2. Given the following information about AAA bank:

Bank Deposits $100,000
Loans $50,000
Required Reserves $20,000
Excess Reserves $30,000

Illustrate what is the reserve ratio set by the Federal Reserve Bank?

Reference no: EM1312288

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