Which of the following is an interest-earning asset of banks?
a. Required reserves.
b. Checkable deposits.
c. Excess reserves.
d. None of these are interest-earning assets of banks.
d
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The market where banks borrow from other banks for short periods of time is the:
a. discount market. b. federal funds market. c. inter-bank loan market. d. national bank market. e. liquidity market.
Answer the following statement true (T) or false (F)
1) Because of framing effects, a worker will be happy with a 5 percent raise regardless of how much of a raise her fellow employees receive. 2) Anchoring leads people to consider irrelevant information when making decisions. 3) Isolating transactions from the overall set of consumption options is known as anchoring. 4) The endowment effect describes when people value a good more when they own it than when they don't.