The federal funds market is the market in which:
A. banks borrow from the Federal Reserve Banks.
B. U.S. securities are bought and sold.
C. banks borrow reserves from one another on an overnight basis.
D. Federal Reserve Banks borrow from one another.
C. banks borrow reserves from one another on an overnight basis
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A bank can only loan out its excess reserves
Indicate whether the statement is true or false
A demand curve shows the relationship
a. between income and quantity demanded. b. between price and income. c. between price and quantity demanded. d. among income, price, and quantity demanded.
The elasticity of resource demand will be greater the:
A. smaller the portion of the product's total costs accounted for by the resource. B. less the elasticity of demand for the product it is producing. C. easier it is to substitute other resources in production. D. less the elasticity of resource supply.
If M = $100, Y = $500 and P = $2, then V is equal to
A) 0.10 B) 1. C) 10. D) 50.