The required reserves of a bank are:
a. held as deposits with the Federal Reserve System.
b. equal to its loans.
c. equal to its checkable deposits.
d. none of these.
a
Economics
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In a market in which firms operate in monopolistic competition,
A) the HHI for a single firm exceeds 2500. B) firms compete on price, quality and marketing. C) in the long run firms produce at their efficient scale. D) in the long run firms are not able to charge a marku
Economics
A market will experience a ____ when the price is above equilibrium and a ____ when the price is below equilibrium.
A. shortage, shortage B. surplus, surplus C. shortage, surplus D. surplus, shortage
Economics