An individual bank can lend out at most its
a. actual reserves
b. fractional reserves
c. legal reserves
d. demand deposits
e. excess reserves
E
Economics
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For a monopolistically competitive firm, which of the following is ensured by product differentiation?
a. Long-run profit b. Market power c. Economies of scale d. Increasing returns to scale
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Which of the following is an example of regulating quality standards?
a. Advertising bans. b. Blue laws. c. The minimum wage. d. Professional licensing requirements.
Economics