The interest rate that commercial banks charge each other for loans of reserves to meet their minimum reserve requirements is called:
A) treasury bill rate.
B) federal funds rate.
C) prime interest rate.
D) none of the above.
B
Economics
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If imperfect information characterizes workers' behavior, then there will be a
A) slow adjustment of the demand for labor, Nd. B) rapid adjustment of the demand for labor, Nd. C) rapid adjustment of both the demand for labor, Nd, and the supply of labor, Ns. D) a lagged adjustment of the equilibrium level of employment, Ns.
Economics
Under what circumstances will inflation help borrowers at the expense of lenders? Under what circumstances will both parties be unaffected? Which scenario would you expect in the long run?
Economics