The Osborne’s have annual income of $66,000 and monthly expenses of $5300 and they are trying to determine whether or not they qualify for chapter 7 bankruptcy their anual income is greater than that of the median annual income of their state, but they still may be eligible according to the means test. Help the Osbornes through the steps of the means test to see if they qualify.
Part I: What is the Osbornes' monthly income

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.