The fraction of deposits a bank must hold in the form of reserves is called the:
A. reserve ratio.
B. currency to reserve ratio.
C. excess reserve ratio.
D. required reserve ratio.
Answer: D
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What will be an ideal response?
Assuming Vice President Smith has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus Mr. Smith
A) absolute B) comparative C) pecuniary D) overwhelming
The money demand curve slopes: a. downward because the cost of holding money decreases as the interest rate decreases
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Refer to the above data. What level of total utility is realized from the equilibrium combination of J and K determined in the previous question?
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