A bank is able to make new loans equal to:
A. legal reserves of the bank.
B. total reserves of the bank.
C. required reserves of the bank.
D. excess reserves of the bank.
Answer: D
You might also like to view...
The Fed's policy is determined by the
A) Federal Open Market Committee. B) Executive Council to the Governor. C) Regional Federal Reserve Banks. D) Board of Governors. E) Federal Monetary Policy Committee.
Angelica wants to open a restaurant and is thinking of setting it up as a corporation. What are the advantages and disadvantages she will face by setting up the business as a corporation as opposed to a sole proprietorship or a partnership?
What will be an ideal response?
Building one large school may do more to promote school integration than constructing two separate schools
Indicate whether the statement is true or false
Which of the following statements regarding a competitive market is not correct?
a. There are many buyers and many sellers in the market. b. Firms can freely enter or exit the market. c. Price equals average revenue. d. Price exceeds marginal revenue.