Which of the following is an example of a bank's assets?
A) reserves borrowed from the Fed
B) checkable deposit
C) vault cash
D) savings deposits
Ans: C) vault cash
Economics
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Consider the following statement, "The Federal Reserve fights recessions by increasing the money supply so people will have more money to spend." What is wrong with the statement and how can it be corrected?
What will be an ideal response?
Economics
The largest part of gross domestic product in the United States is
a. investment. b. consumption. c. government expenditure. d. trade balance.
Economics