When is a particular bank in a position to make new loans?
a. When required reserves equal actual reserves
b. When required reserves exceed actual reserves.
c. When required reserves are less than actual reserves.
d. all of the above
c
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Which statement is false?
A. Had the stock market not crashed and the rest of the world not gone into a depression, the U.S. depression might have been avoided. B. By the end of 1930 thousands of banks had failed. C. By the first week in March 1933 every single bank in the United States had shut its doors. D. None of the statements are false.
Refer to Mexico and Japan. What is the cost of producing 1 bolt of clothing in Mexico?
a. 6 hours of labor.
b. 2 bushels of food.
c. 3 bushels of imported Japanese food.
d. 4 bolts of imported Japanese cloth.
What are the various time lags that affect discretionary fiscal policy, and what are their effects?
What will be an ideal response?
The two types of asymmetric information situations are those with
a. hidden costs and hidden actions b. hidden characteristics and hidden costs c. hidden actions and hidden selection d. hidden characteristics and hidden actions e. moral hazard and natural selection