In the model of the money supply process, the bank's role in influencing the money supply process is represented by
A) the excess reserve.
B) both the excess reserve and the market interest rate.
C) the currency ratio.
D) only borrowed reserves.
A
Economics
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The amount of calendar time associated with the long run:
A. is less than that associated with the immediate market period. B. varies from industry to industry. C. is the same for all firms. D. is, by definition, any length of time greater than one year.
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