A bank can legally hold reserves as:
a. gold and coins
b. gold and checks.
c. cash in its vault and non-interest-bearing reserve deposits at the Fed.
d. gold and non-interest-bearing reserve deposits at the Fed.
e. U.S. government securities and coins.
c
You might also like to view...
An outward rotation of the production possibilities frontier occurs when
A) traders specialize in and exchange the products of their comparative advantage. B) one trader steals from the other. C) traders produce goods at exactly the same levels of opportunity cost. D) one trader begins to produce both goods at a higher level of opportunity cost compared to the other.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.