Both private goods and club goods are

Prior to the recession which began in late 2007, the Federal Reserve purchased ________ of the government budget deficit

A) none B) about 50 percent C) a small portion D) all

Which statement is true?

A. Banks get a significant part of their total revenue from interest on their primary reserves. B. Banks try to carry as much in excess reserves as they possibly can. C. Only a small fraction of the nation's banks are subject to the reserve requirements of the Federal Reserve. D. The banks have received interest on their reserves since October, 2008.