The minimum amount of reserves the Fed requires a bank to hold, based on a percentage of the bank's total deposit liabilities, is known as
a. excess reserves
b. actual reserves
c. the legal reserve requirement
d. the Fed stipulation rate
e. the countercyclical rate
C
Economics
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In the perfectly competitive market, individual firms exert no effect on the market price. Therefore, the firm's marginal revenue curve is:
a. indeterminate. b. an upward-sloping curve. c. a downward-sloping curve. d. the same as the firm's demand curve.
Economics
Which of the following does this equation show?
a. inelastic supply
b. inelastic demand
c. elastic supply
d. elastic demand
Economics