Reserves are a bank ________ consisting of ________
A) asset; vault cash plus bank deposits with the Federal Reserve
B) asset; checking account deposits and savings account balances
C) liability; vault cash plus bank deposits with the Federal Reserve
D) liability; checking account deposits and savings account balances
A
Economics
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The market demand for wheat is Q = 100 - 2p + 1 , where is the price of barley. If the price of wheat is $2, the price elasticity of demand
A) equals (-4/46). B) equals (-46). C) equals (-1). D) cannot be calculated without more information.
Economics
The Phillips curve traces a set of combinations of rates of:
a. interest and unemployment. b. real GDP and inflation. c. real GDP and interest. d. inflation and interest. e. unemployment and inflation.
Economics