Which of the following is an example of a bank's reserves?
A) demand deposits with other banks
B) deposits with the Federal Reserve
C) Treasury bonds and bills
D) state bonds of the state in which the bank is located but not state bonds of other states.
Answer: B) deposits with the Federal Reserve
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Many economists ________ protectionism because it ________ consumers and ________ jobs in domestic industries that use protected products
A) support; benefits; creates B) criticize; unfairly rewards; relocates C) criticize; causes losses to; eliminates D) support; lowers prices for; raises wages for
When people hold money to transact purchases they expect to make, this is known as the:
a. precautionary demand for money. b. liquidity demand for money. c. spending demand for money. d. speculative demand for money. e. transactions demand for money.