Which statement is true?
A. Banks get a significant part of their total revenue from interest on their primary reserves.
B. Banks try to carry as much in excess reserves as they possibly can.
C. Only a small fraction of the nation's banks are subject to the reserve requirements of the Federal Reserve.
D. The banks have received interest on their reserves since October, 2008.
D. The banks have received interest on their reserves since October, 2008.
You might also like to view...
The narrowest official definition of the money supply is
A) M1. B) M2. C) M3. D) L.
A tax rate system characterized by higher marginal tax rates as income increases is known as
A) a progressive tax system. B) a regressive tax system. C) a proportional tax system. D) a flat-rate tax system.
Which of the following describes a tying contract?
a. The seller of one product requires the buyer to purchase some other product(s). b. One firm buys the stock of a competing firm. c. The directors of one company serve on the board of directors of another company in the same industry. d. An agreement between a manufacturer and a retailer based on the condition that the retailer is not to carry any rival products of the manufacturer.
If a consumer is buying three goods A, B, and C, then she will be in equilibrium when total utility from each good is equal
a. True b. False Indicate whether the statement is true or false