The funds that banks are required by law to hold in the form of either vault cash or deposits with the Fed are called
a. excess reserves.
b. fractional reserves.
c. required reserves.
d. certificates of deposit.
C
Economics
You might also like to view...
A monopoly can price discriminate between two groups of consumers if each group has ________
A) a large consumer surplus B) a different willingness to pay C) the same willingness to pay D) the ability to resell the good to the other group
Economics
Food stamps are an example of an in-kind transfer payment
a. True b. False
Economics