Excess reserves are:
A. Bank reserves in excess of required reserves.
B. Legal reserves in excess of lending reserves.
C. Transactions deposits plus traveler's checks.
D. Total reserves plus deficient reserves.
A. Bank reserves in excess of required reserves.
Economics
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If MFC < MRPL, the firm should
A) hire more workers. B) lower wages. C) get rid of some capital. D) reduce the number of workers.
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