A bank's excess reserves are the fraction of a bank's deposits held at the Federal Reserve

NAFTA probably helped productivity in Mexico's maquiladora sector, but:

a. trade with China has taken on more importance. b. world competition and the close relationship with the United States may have limited its comeback. c. both governments have reversed some of the tariff reductions. d. Mexico has raised taxes on the maquiladoras, and that has caused international tension.

In the model of the money supply process, the depositor's role in influencing the money supply is represented by

A) the currency holdings. B) the currency holdings and excess reserve. C) the currency holdings and borrowed reserve. D) the market interest rate.