__________ plus __________ plus __________ equals ___________

a. Total deposits, loans, required reserves, excess reserves.
b. Loans, required reserves, excess reserves, total deposits.
c. Required reserves, total deposits, excess reserves, loans.
d. Excess reserves, loans, total deposits, required reserves.

b

Economics

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The figure above shows the U.S. demand and U.S. supply curves for cherries. Suppose the world price of cherries is $2 per pound. At this price, U.S. consumption of cherries will equal

A) 200,000 pounds. B) 400,000 pounds. C) 600,000 pounds. D) 800,000 pounds. E) 0 pounds.

Economics

The perfectly competitive seller faces a __________ curve that is perfectly ___________.

A. demand; inelastic B. demand; elastic C. supply; inelastic D. supply; elastic

Economics