Total reserves minus bank deposits with the Fed equals
A) vault cash.
B) excess reserves.
C) required reserves.
D) currency in circulation.
A
You might also like to view...
Gross domestic product can be calculated
A) either by valuing the nation's output of goods and services or by valuing the income generated in the production process. B) by adding up the personal consumption of all members of the society. C) by adding up the value of all intermediate goods used in the economy. D) by adding up the income tax returns of all members of the society.
An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
The relationship between NPV and IRR is such that :
a. both approaches always provide the same ranking of alternatives b. the IRR of a project is equal to the firm's cost of capital when the NPV of a project is $0 c. if the NPV of a project is negative, then the IRR must be greater than the cost of capital d. all of the above e. none of the above
List and describe the three major monetary policy tools the Federal Reserve can use to increase the money supply. Be specific in your response regarding which direction the tool would need to change in order for the money supply to grow