Suppose Sue's buys a good for $60 on eBay. If the consumer surplus from the sale is $25, Sue would have been willing to pay:

When the Fed lowers the discount rate, it makes it

a. cheaper for banks to borrow from each other. b. cheaper for banks to obtain additional reserves by borrowing from the Fed. c. more difficult for banks to accept deposits. d. more difficult for banks to extend loans.

Assets of the commercial banking system include:

A. reserves and deposits. B. deposits. C. loans and deposits. D. reserves and loans.