Legal reserve requirements specify that banks must hold a certain percentage of their deposit liabilities
a. in currency only.
b. as deposits at regional Federal Reserve Banks only.
c. either in currency or as deposits at regional Federal Reserve Banks.
d. None of the above
C
Economics
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Slowdonia's current growth rate of real GDP per person is 1 percent a year. Approximately how long will it take to double real GDP per person?
A) 10 years B) 35 years C) 70 years D) 100 years
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An advantage of the corporate form of organization is that
A) owners have joint unlimited liability. B) owners have limited liability. C) owners have individual unlimited liability. D) creditors have unlimited liability.
Economics