Excess reserves are equal to
A) the sum of desired reserves plus any reserves that are more than are required.
B) actual reserves minus desired reserves.
C) actual reserves plus desired reserves.
D) desired reserves minus actual reserves.
B
You might also like to view...
If a firm increases inputs by 15 percent and output increases by 12.5 percent, the firm is experiencing
A. increasing returns to scale. B. decreasing returns to scale. C. constant returns to scale. D. increasing costs per unit of output.
A monopoly's output decision depends only on the shape of its marginal cost curve
Indicate whether the statement is true or false
Which of the following would be illegal according to the Robinson-Patman Act
a. "Party Packers" getting 10cents off every pack of ribbon they buy after 1000 units b. "Sideline Superstore" receiving 50 cents off a crate of strawberries since it buys from many other suppliers c. "Sam's Sandwiches" receiving 5 cents off per pound of cheese, since they are closer to the warehouse of the supplier d. None of the above
Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF) b. Agency for International Development (AID) c. New International Economic Order (NIEO) d. World Bank