Banks are required to keep a minimum level of reserves on hand. The intent of this regulation is
a. monetary control rather than bank safety.
b. bank safety in case of bank runs.
c. maintenance of bank profits.
d. limiting the level of bank profits.
a
Economics
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If the university administration plans to cut tuition charges in the hope of attracting more students and thereby increasing tuition revenues, we know
A) they are assuming an elastic demand. B) they are assuming an inelastic demand. C) they cannot succeed because of the law of demand. D) they must be running in the red. E) they will only succeed if more students can be enrolled at no cost.
Economics
According to Gordon, all of the following are important ingredients in the recent U.S. housing bubble EXCEPT
A) low interest rates. B) saving glut. C) financial innovation. D) trade deficit.
Economics