The amount that the bank is legally required to keep on hand is called the:

A. required reserves.
B. demand deposits.
C. federal funds.
D. reserve ratio.

A. required reserves.

Economics

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When the British pound rises in value relative to other currencies, then

A) goods imported into Britain rise in price. B) British exports rise in price. C) neither British exports nor imports rise in price. D) both British exports and imports rise in price.

Economics

Which of the following statements is false?

A. The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal. B. The Dow Jones Industrial Average first appeared on the scene in 1896. C. When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks. D. The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.

Economics