Which statement is true?
A. Banks get a significant part of their total revenue from interest on their primary reserves.
B. Banks try to carry as much in excess reserves as they possibly can.
C. Only a small fraction of the nation's banks are subject to the reserve requirements of the Federal Reserve.
D. The banks have received interest on their reserves since October, 2008.
D. The banks have received interest on their reserves since October, 2008.
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Empirical evidence indicates that security returns have
A) greater probability of exceeding expected value yields. B) greater probability of yielding below expected value returns. C) a symmetrical probability distribution. D) a probability distribution that cannot be measured.
The production function shows:
a. the total cost incurred to produce a certain level of output. b. the changes in cost incurred as output level varies. c. the relationship between inputs used and output produced. d. the impact of a change in production on the firm's revenues.