Which of the following is true?
A) Reserves = required reserves - excess reserves.
B) Reserves - required reserves = excess reserves.
C) Reserves = required reserves + excess reserves.
D) b and c
E) a and b
D
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In the United States, most workers
A. work for government of some sort. B. produce raw materials for manufacturing. C. work in agriculture and farming. D. produce services rather than goods.
Which of the following is consistent with the classical theory of growth?
A) permanent increases in real wages B) permanent growth in productivity C) rapid population growth in poor countries D) permanent increases in living standards
Refer to Scenario 1 . If you start the course in such a way that each exam score is better than your previous average what should happen to your average score?
What would happen to your average if it was below your previous exam score? Explain.
A rise in the money supply __________ the natural rate of interest
A) lowers B) raises C) has no effect on D) has an uncertain effect on