Total reserves are the sum of ________ and ________
A) excess reserves; borrowed reserves
B) required reserves; currency in circulation
C) vault cash; excess reserves
D) excess reserves; required reserves
D
Economics
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Which of the following central banks does not have an explicit inflation target?
a. The Bank of England b. The Federal Reserve c. Swiss National Bank d. European Central Bank e. The Reserve Bank of India
Economics
If a piece of currency must be accepted for payment because the government says so, the currency is called
a. commodity money b. money backed by gold c. high-powered money d. greenbacks e. fiat money
Economics