Analysts cite figures on the number of uninsured in the U.S. as low as 10 million and as high as 60 million. Which of the following is a true statement?
a. The uninsured are all free riders.
b. Most of the uninsured have health problems and are not able to get private health insurance.
c. Most of the uninsured have some labor-force connection—either working or a dependent of someone who is working.
d. The lack of health insurance means that the individual has virtually no access to medical care.
e. Once you lose your health insurance it is extremely difficult to get reinsured.
C
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If the Fed increases the supply of bank reserves, ________
A) consumption falls B) investment falls C) the federal funds rate falls D) the inflation rate falls
Banks can continue to make loans until their
A) actual reserves equal their excess reserves. B) excess reserves equal their required reserves. C) actual reserves equal their required reserves. D) actual reserves equal their checking account balances.