When commercial banks use excess reserves to buy government securities from the public:
A. new money is created.
B. commercial bank reserves increase.
C. the money supply falls.
D. checkable deposits decline.
A. new money is created.
Economics
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The suggestion that a seller will try to set price based on "what the market will bear" is explicit recognition of the constraint imposed by:
A) the firm's marginal cost of production. B) the price elasticity of demand for that item. C) the firm's competitors. D) the need for most firms to earn positive economic profits over time if they are to remain in business.
Economics
An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance
A) term; variable life B) whole life; variable life C) whole life; term D) term; whole life
Economics