The required reserve ratio for a bank is set by

A. Congress.
B. the bank itself.
C. the Treasury Department.
D. the banking system.
e. the Federal Reserve.


Answer is e. the Federal Reserve.

Economics

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Economics

Collusion occurs when firms ________

A) charge a price equal to their marginal cost of production B) conspire to set the quantity they produce or the prices they charge C) compete with each other by setting a price slightly lower than the rival's price D) compete with each other by differentiating their products

Economics

Which of the following is true in an ultimatum game if more money is considered to be better than less?

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Economics

If the GDP gap is -$3.5 trillion, thenĀ 

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Economics