Which of the following constitutes a currency drain from the banking system?
a. Purchase of government securities
b. New demand deposits
c. Banks lending out all excess reserves
d. A banking panic that leads to large withdrawals from banks
e. Lower required reserve holdings
d
Economics
You might also like to view...
If 9 workers can produce 1,550 units of output and 10 workers can produce 1,700 units of output, then the marginal product of the 10th worker is
A) 1,700 units. B) 1,550 units. C) 150 units. D) 170 units. E) 155 units.
Economics
What point on the graph represents maximum consumer confidence?
a. A
b. B
c. C0
d. D
Economics