When a banking system provides people with immediate access to their deposits, but allows banks to loan out part of its reserves, it is known as the
a. excess reserve system
b. excess demand deposit system
c. fractional reserve system
d. legal required reserve system
e. multiple banking system
C
Economics
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The first labor unions in the United States were
A) public-sector unions. B) industrial unions. C) guilds. D) craft unions.
Economics
Multiple estimates for major expenditures, warranties, and lemon laws all reduce the possible negative consequences of ________
a. bounded rationality b. winner's curse c. optimal search d. asymmetric information
Economics