By law, banks are required to
A) hold 100 percent of customer deposits as reserves.
B) hold a fraction of demand deposits as reserves.
C) hold a fraction of their reserves at the Federal Reserve bank.
D) lend out no more than the amount of their required reserves.
B
Economics
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Which of the following is NOT correct about patents?
A) Patents encourage invention of new products. B) Patents stimulate innovation. C) A patent is a barrier to entry. D) Patents enable a firm to be a permanent monopoly. E) Patents are granted to the inventor of a product or service.
Economics
If losses are unavoidable in an uncertain world, then
A) profits are too. B) profits are only the result of good luck. C) profits are avoidable. D) profits are the result of people acting with perfect information.
Economics