A checking account balance in a commercial bank is
A) part of the currency supply.
B) a time deposit.
C) not liquid enough to be considered money.
D) an asset readily usable for most transactions.
D
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If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 15 percent receives a deposit of $600, it has a
a. $600 increase in excess reserves and no increase in required reserves. b. $600 increase in required reserves and no increase in excess reserves. c. $510 increase in excess reserves and a $90 increase in required reserves. d. $90 increase in excess reserves and a $510 increase in required reserves.
For almost all goods, the:
A. higher the price goes, the higher the quantity demanded. B. lower the price goes, the higher demand is. C. higher the price goes, the more luxurious it is. D. lower the price goes, the higher the quantity demanded.