A bank's required reserves may be held in which two forms?
A. Coins and gold
B. Vault cash and deposits at the Fed
C. Vault cash and gold
D. Deposits at the Fed and gold
B. Vault cash and deposits at the Fed
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What are the costs of inflation? Briefly explain each
What will be an ideal response?
An increase in the U.S. price level (foreign prices held constant) will cause a leftward shift in the aggregate demand curve.
Answer the following statement true (T) or false (F)
Based on available information about the annual auctions for SO2 allowances
a. only the largest electric utilities are allowed to bid b. allowance prices have been much higher than predicted c. allowance prices are unrelated to energy prices d. prices of SO2 allowances are lower than originally anticipated
Consumer will always consume more of a good if their income increases
a. True b. False Indicate whether the statement is true or false