Answer the following statements true (T) or false (F)
1) Excess reserves are the amount by which required reserves exceed actual reserves.
2) Actual reserves equal required reserves plus excess reserves.
3) Commercial bank reserves are an asset to commercial banks but a liability to the Federal
Reserve Bank holding them.
4) Balance sheets always balance because reserves must always equal liabilities plus net worth.
1) F
2) T
3) T
4) F
You might also like to view...
Due to ongoing drought conditions, many cities in Texas have implemented water conservation measures which prevent homeowners from watering their lawns more than two times per month. Prior to the drought conditions, no restrictions were in place
Discuss this measure from the villain/victim standpoint. Explain who the villains and victims are, and if they really are villains and victims?
A firm estimates that when output is 10, its total costs are $900 . It also finds that when output is 11, its total costs are $920 . The marginal cost of the eleventh unit of output is:
a. $1. b. $20. c. $90. d. $900. e. $920.