Which of the following accurately describes the relationship between excess reserves and checkable deposits following the financial crisis of 2007-2009?
A) Excess reserves declined as the excess reserve ratio returned to near zero.
B) Excess reserves rose to nearly one-third of checkable deposits.
C) Excess reserves approached the same level as checkable deposits.
D) Excess reserves exceeded checkable deposits.
D
Economics
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In the short-run, total fixed costs always exceed total variable costs
a. True b. False Indicate whether the statement is true or false
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