When the Fed increases the required reserve ratio, a bank's
A) excess reserves are unaffected.
B) excess reserves are increased.
C) excess reserves are decreased.
D) required reserves are decreased.
E) b and d
C
Economics
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Human capital refers to the accumulated skills and training that workers possess
Indicate whether the statement is true or false
Economics
If the total cost of producing 20 units of output is $1,000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?
A) $65 B) $50 C) $15 D) It is impossible to determine without additional information.
Economics