Excess reserves are:
A. Bank reserves in excess of required reserves.
B. Legal reserves in excess of lending reserves.
C. Transactions deposits plus traveler's checks.
D. Total reserves plus deficient reserves.
A. Bank reserves in excess of required reserves.
You might also like to view...
If tax revenues are $230 billion and the government's outlays are $235 billion, then the budget
A) surplus is $5 billion and government debt will increase by $5 billion. B) surplus is $230 billion and the budget deficit is $235 billion. C) deficit is $5 billion and government debt will remain the same. D) deficit is $5 billion and government debt will increase by $5 billion. E) deficit is $5 billion and government debt will decrease by $5 billion.
When positive externalities exist, markets tend to overproduce
a. True b. False Indicate whether the statement is true or false
Answer the following statement true (T) or false (F)
1) In a purely competitive industry competition centers more on advertising and sales promotion than on price. 2) Price and marginal revenue are identical for an individual purely competitive seller. 3) The demand curve for a purely competitive industry is perfectly elastic, but the demand curves faced by individual firms in such an industry are downsloping. 4) Marginal revenue is the addition to total revenue resulting from the sale of one more unit of output.
The marginal tax rate is
A. total tax due/total taxable income. B. change in taxes due/total taxable income. C. change in taxes due/change in taxable income. D. total tax due/change in taxable income.