Banks in the United States operate under a fractional reserve system, which means they must maintain only a fraction of their deposits in the form of
A) debt.
B) loans.
C) an insurance policy.
D) reserves.
D
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Which of the schedules represent(s) a progressive tax?
Answer the question on the basis of the following five schedules, all of which represent income tax schedules for an economy. All figures are in billions of dollars.
A. V only.
B. III and V.
C. II and III.
D. III only.
The figure above shows the market for brooms. Which of the following could lead to the production of fewer than 600 brooms?
A) a monopoly B) a deadweight loss C) subsidies D) an external cost E) a big tradeoff
In the U.S., the following agencies have the right to examine the bank's books
A) Fed and the FDIC. B) FDIC and the Office of the Comptroller of the Currency. C) Fed and the Department of Commerce D) FDIC, Fed and the Office of the Comptroller of the Currency. E) Only the Fed.
Identify and define the term used to describe how consumer demand affects the demand curve for labor, and provide an example.
What will be an ideal response?