Interdependence among firms is characteristic of:
a. perfectly competitive markets
b. monopoly markets.
c. oligopoly markets.
d. monopolistically competitive markets.
c
Economics
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Economics
Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10%. In this situation, American bank has
A. $50 in required reserves B. $50 in excess reserves C. $200 in required reserves
Economics