Required reserves are the amount of
A) reserves a bank must hold against its deposits as mandated by the Federal Reserve.
B) cash a bank must hold against its deposits as mandated by the Federal Reserve.
C) checkable deposits a bank must hold against all other deposits as mandated by the U.S. Treasury.
D) reserves a bank must hold against all its assets as mandated by the Federal Reserve.
A
You might also like to view...
If the sellers of a good are taxed for each unit sold, ________
A) the price that buyers need to pay falls B) a larger quantity of the good is sold C) the price that sellers receive increases D) a smaller quantity of the good is sold
The traders in the foreign exchange market need to interact personally while exchanging currencies
a. True b. False Indicate whether the statement is true or false
After a negative demand shock, what are the expected long-run adjustments?
a. Wages rise, price level rises, and output falls back to potential b. Wages fall, price level rises, and output falls back to potential c. Wages fall, price level falls, and output increases back to potential d. Wages fall, price level rises, and output increases back to potential e. Wages rise, price level falls, and output increases back to potential
Elasticity of demand is another way to measure slope
a. True b. False Indicate whether the statement is true or false