Reserves held beyond the required amount are called __________ reserves
A) redundant
B) precautionary
C) excess
D) surplus
C
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Which of the following is true of other checkable deposits?
a. They are checking account deposits at commercial banks and do not pay any interest. b. They are accounts at financial institutions that pay interest and give the depositor check-writing privileges. c. They comprise solely of demand deposits at mutual savings banks. d. They are not included in the M1 money supply. e. They are savings deposits that earn interest at savings and loan associations.
Which of the following reduced aggregate demand and thereby contributed to the crisis of 2008?
a. a rise in the value of the U.S. dollar b. falling housing and stock prices c. an increase in the real rate of interest d. optimism about future economic conditions
The Fed's exit strategy refers to how they will exit from political discussion
a. true b. false
For a given decrease in supply, the condition of demand that will result in the most significant change in price is when demand is
A. inelastic. B. elastic. C. perfectly elastic. D. perfectly inelastic.