If cameras and film have a cross elasticity of .985, they are complements

Describe how actual reserves are calculated and explain the difference between desired reserves and excess reserves. How do reserves affect the amount of loans a bank can make?

What will be an ideal response?

According to the Taylor Principle, when the inflation rate rises, the nominal interest rate should be ________ by ________ than the inflation rate increase

A) increased; more B) increased; less C) decreased; more D) decreased; less