What are checkable deposits?

If the quantity demanded of hamburgers increases by 20 percent when the price decreases by 5 percent, then the price elasticity of demand is

A) 0.25. B) 4.0. C) 20.0. D) 5.0.

Reserves are funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the Fed

Indicate whether the statement is true or false