Which of the following is true of bank reserves held at the Fed?
A) These reserves are a liability to the bank and an asset to the Fed.
B) These reserves are a liability to both the bank and the Fed.
C) These reserves are an asset to the bank and a liability to the Fed.
D) These reserves are an asset to both the bank and the Fed.
C
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Adam Smith supported the view that ________ greatly influenced its economic growth
A) the culture in a nation B) the institutions in a nation C) the location of a nation D) the geography of a nation
If the price level in the current period is higher than what buyers and sellers anticipated,
What will be an ideal response?
The definition of gross domestic product is
A. the total value of all sales in the economy. B. the total value of production in the domestic economy plus the production of domestic firms in foreign countries. C. the total value of all sales of final and intermediate goods in the domestic economy. D. the total of the money values of all final goods and services produced in the domestic economy within a specific time period.
Banks would like to keep about _____% of their deposits on reserve.
A. 2 B. 10 C. 40 D. 75