Any reserves beyond what is required are called
A) required reserves.
B) excess reserves.
C) secondary reserves.
D) bank capital.
B
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The primary reason people hold money is
a. to keep wealth in a less liquid form. b. to use it as a medium of exchange. c. to use it for investment. d. to earn interest.
Suppose Congress consists of 5 people who want to spend X% on national defense. Let their preferences be as follows: 1, 3, 20, 21, 25. What amount will most likely be spent?
A. 14 B. 21 C. 20 D. 3
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If six drones are produced, total variable costs are
A. $10. B. $13.33. C. $70. D. $80.
Incremental benefits refer to the
a. accumulated gains linked to environmental policy b. total social benefits of avoiding ecological damage c. reduction in environmental damages associated with an environmental policy initiative d. none of the above