Which of the following is a valid statement?
a. Excess reserves = total reserves minus required reserves.
b. Required reserves = the minimum reserves required by the Fed.
c. Required reserve ratio = required reserves as a percentage to total deposits.
d. All of these.
d
Economics
You might also like to view...
How do the marginal and average products of labor affect a firm's marginal and average variable costs in the short run?
What will be an ideal response?
Economics
In a perfectly competitive market,
A) firms can freely enter and exit. B) firms sell a differentiated product. C) transaction costs are high. D) All of the above.
Economics