The legal reserve requirement is
a. the minimum amount of reserves the Fed requires a bank to hold
b. the interest rate that the Fed charges banks who borrow from it
c. the interest rate on loans made by banks to other banks
d. the maximum percentage of the price of a stock that can be borrowed from a bank, with the stock offered as collateral
e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's policies
A
You might also like to view...
In perfect competition, each individual firm faces ________ demand curve
A) an inelastic B) an upward sloping C) a perfectly elastic D) a downward sloping
According to the passive approach, discretionary fiscal or monetary policy can reduce the costs of an unstable economy
a. True b. False Indicate whether the statement is true or false
The demand curve for any input is the downward-sloping portion of its marginal revenue product curve.
Answer the following statement true (T) or false (F)
?Strawberries (pounds) 
Consider the above table. If the government imposes a price ceiling on strawberries of $8 per pound, what would be the likely result?
A. Market equilibrium will be reached. B. a surplus of 2,000 pounds of strawberries on the market C. a shortage of 2,000 pounds of strawberries on the market D. The quantity demanded of strawberries would fall to zero.