"Banks hold about 50 percent of their assets as reserves." Is the previous statement correct or not?
What will be an ideal response?
The statement is incorrect. In 2011 banks kept an average of 13 percent of their assets as reserves.
Economics
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Contractionary policies are policies designed to
A) increase the level of real GDP. B) increase the federal deficit. C) reduce the level of real GDP. D) increase government spending.
Economics
If consumers view the output of any firm in a market to be identical to the output of any other firm in the market, the demand curve for the output of any given firm
A) will be identical to the market demand curve. B) will be horizontal. C) will be vertical. D) cannot be determined from the information given.
Economics