The part of a commercial bank's reserves that are larger than desired are called
A) additional reserves.
B) required reserves.
C) excess reserves.
D) nonrequired reserves.
E) unnecessary reserves.
C
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Using the rule that focuses on the marginal approach to maximizing profits, a monopolist charges a price where the:
a. output sold is maximized. b. ATC curve is minimized. c. MR = MC. d. MR = 0.
The U.S. Lorenz curve today is closer to the perfect equality line than in 1929
a. True b. False Indicate whether the statement is true or false
Net unilateral transfers would appear in a nation's
A) current account. B) capital account. C) official reserve transaction account. D) financial account.
A monopolist faces a demand curve that
A) is perfectly horizontal at the market price. B) is below the marginal revenue curve. C) is downward sloping. D) coincides with the industry supply.