The amount of assets that a bank must hold at all times is determined by the:
a. banks' actual reserves.
b. required reserve ratio.
c. actual reserve requirement.
d. fractional reserve requirement.
e. excess reserve requirement.
b
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Production cannot occur without
a. saving b. government c. a market system d. low interest rates e. high interest rates
Assume that a firm is able to cover its variable costs if it operates in the short run. If marginal cost equals $0 for all output levels, then the firm's profit-maximizing output level occurs where
a. total cost is minimized b. marginal revenue is maximized c. marginal revenue is minimized d. marginal revenue equals $0 e. total revenue is minimized
Types of rationing:
What will be an ideal response?
The dual nature of financial markets in developing countries-traditional and modern-implies that central banks in developing countries:
A. find it more difficult to conduct monetary policy than central banks in developed economies. B. find it easier to conduct monetary policy than central banks in developed economies. C. have effectively no role to play in the conduct of monetary policy. D. play essentially the same role as they do in developed economies.